Clear Channel Outdoor Holdings, Inc. (CCO) Given Average Rating of “Hold” by Brokerages

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.25.

CCO has been the subject of a number of analyst reports. Zacks Investment Research downgraded Clear Channel Outdoor from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Loop Capital cut their price objective on Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. ValuEngine upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Scotiabank restated a “sell” rating and issued a $12.00 price objective on shares of Clear Channel Outdoor in a research report on Monday, December 4th.

Clear Channel Outdoor (NYSE:CCO) opened at $4.90 on Tuesday. Clear Channel Outdoor has a twelve month low of $3.35 and a twelve month high of $6.35. The stock has a market capitalization of $1,783.52, a P/E ratio of 245.00 and a beta of 1.70. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47.

Clear Channel Outdoor (NYSE:CCO) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). Clear Channel Outdoor had a net margin of 0.24% and a negative return on equity of 0.52%. equities research analysts predict that Clear Channel Outdoor will post -0.23 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Clear Channel Outdoor by 0.3% in the second quarter. Citigroup Inc. now owns 72,458 shares of the business services provider’s stock valued at $351,000 after buying an additional 236 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Clear Channel Outdoor by 1.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,065 shares of the business services provider’s stock valued at $102,000 after buying an additional 300 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Clear Channel Outdoor by 0.4% in the second quarter. Federated Investors Inc. PA now owns 77,518 shares of the business services provider’s stock valued at $376,000 after buying an additional 327 shares in the last quarter. State Street Corp increased its position in shares of Clear Channel Outdoor by 0.4% in the second quarter. State Street Corp now owns 685,944 shares of the business services provider’s stock valued at $3,326,000 after buying an additional 3,004 shares in the last quarter. Finally, Pacific Alternative Asset Management Company LLC increased its position in shares of Clear Channel Outdoor by 10.5% in the second quarter. Pacific Alternative Asset Management Company LLC now owns 57,585 shares of the business services provider’s stock valued at $279,000 after buying an additional 5,485 shares in the last quarter. Institutional investors and hedge funds own 9.47% of the company’s stock.

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About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

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