Clear Channel Outdoor Holdings Inc. (NYSE:CCO) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.50.
CCO has been the topic of a number of research reports. TheStreet lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Zacks Investment Research lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 27th. Finally, Loop Capital initiated coverage on shares of Clear Channel Outdoor Holdings in a research note on Monday, September 12th. They issued a “sell” rating and a $5.50 price target on the stock.
Shares of Clear Channel Outdoor Holdings (NYSE:CCO) traded up 0.88% during mid-day trading on Friday, hitting $5.75. 39,510 shares of the company were exchanged. The firm has a market capitalization of $2.07 billion, a P/E ratio of 287.50 and a beta of 1.49. Clear Channel Outdoor Holdings has a 12-month low of $2.97 and a 12-month high of $7.74. The company’s 50-day moving average price is $6.27 and its 200-day moving average price is $6.07.
Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.22. Clear Channel Outdoor Holdings had a net margin of 0.25% and a negative return on equity of 3.04%. The company earned $712.15 million during the quarter, compared to analyst estimates of $721.57 million. Equities research analysts predict that Clear Channel Outdoor Holdings will post $0.26 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Clear Channel Outdoor Holdings by 1.7% in the first quarter. JPMorgan Chase & Co. now owns 5,458,885 shares of the company’s stock worth $25,656,000 after buying an additional 91,947 shares in the last quarter. M&T Bank Corp acquired a new stake in Clear Channel Outdoor Holdings during the first quarter worth about $150,000. Acadian Asset Management LLC acquired a new stake in Clear Channel Outdoor Holdings during the second quarter worth about $158,000. GSA Capital Partners LLP increased its stake in Clear Channel Outdoor Holdings by 40.9% in the second quarter. GSA Capital Partners LLP now owns 67,348 shares of the company’s stock worth $419,000 after buying an additional 19,564 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Clear Channel Outdoor Holdings by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 322,705 shares of the company’s stock worth $2,007,000 after buying an additional 46,543 shares in the last quarter. 9.32% of the stock is owned by hedge funds and other institutional investors.
About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. It operates in two segments: Americas outdoor advertising (Americas) and International outdoor advertising (International).
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