Clear Channel Outdoor Holdings, Inc. (CCO) Receives Average Rating of “Hold” from Analysts

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.25.

Several brokerages have issued reports on CCO. Zacks Investment Research upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Scotiabank restated a “sell” rating and issued a $12.00 target price on shares of Clear Channel Outdoor in a report on Monday, December 4th. ValuEngine upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Loop Capital dropped their target price on Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, November 9th.

A number of large investors have recently modified their holdings of CCO. Alta Fundamental Advisers LLC purchased a new stake in Clear Channel Outdoor in the 2nd quarter valued at $2,636,000. Northern Trust Corp lifted its stake in shares of Clear Channel Outdoor by 196.3% in the 2nd quarter. Northern Trust Corp now owns 523,856 shares of the business services provider’s stock valued at $2,540,000 after purchasing an additional 347,073 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Clear Channel Outdoor by 12.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock valued at $15,114,000 after purchasing an additional 346,755 shares during the last quarter. Blackstone Group L.P. lifted its stake in shares of Clear Channel Outdoor by 37.3% in the 3rd quarter. Blackstone Group L.P. now owns 1,198,257 shares of the business services provider’s stock valued at $5,572,000 after purchasing an additional 325,257 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Clear Channel Outdoor by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock valued at $27,626,000 after purchasing an additional 300,142 shares during the last quarter. Institutional investors own 9.47% of the company’s stock.

Shares of Clear Channel Outdoor (CCO) opened at $4.90 on Tuesday. The company has a debt-to-equity ratio of -4.10, a quick ratio of 1.47 and a current ratio of 1.47. Clear Channel Outdoor has a 12-month low of $3.35 and a 12-month high of $6.35. The company has a market capitalization of $1,783.52, a P/E ratio of 245.00 and a beta of 1.70.

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

ILLEGAL ACTIVITY WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/16/clear-channel-outdoor-holdings-inc-cco-receives-average-rating-of-hold-from-analysts.html.

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).

Receive News & Ratings for Clear Channel Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Channel Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit