Clear Channel Outdoor Holdings, Inc. (CCO) Upgraded at TheStreet

TheStreet upgraded shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) from a d+ rating to a c rating in a research report report published on Thursday.

Several other research firms have also commented on CCO. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a strong sell rating to a hold rating in a research report on Friday, December 2nd. Wedbush decreased their price objective on shares of Clear Channel Outdoor Holdings from $6.00 to $5.75 and set a neutral rating on the stock in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Clear Channel Outdoor Holdings has a consensus rating of Hold and a consensus target price of $6.95.

Clear Channel Outdoor Holdings (NYSE:CCO) opened at 5.85 on Thursday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 15.00 and a beta of 1.44. The firm’s 50-day moving average is $5.44 and its 200 day moving average is $5.49. Clear Channel Outdoor Holdings has a 52 week low of $4.06 and a 52 week high of $7.31.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its earnings results on Thursday, February 23rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.06 by $0.22. Clear Channel Outdoor Holdings had a negative net margin of 0.05% and a negative return on equity of 3.04%. On average, equities research analysts expect that Clear Channel Outdoor Holdings will post ($0.11) EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. A.R.T. Advisors LLC acquired a new stake in Clear Channel Outdoor Holdings during the fourth quarter valued at approximately $114,000. Renaissance Technologies LLC raised its stake in Clear Channel Outdoor Holdings by 4.0% in the fourth quarter. Renaissance Technologies LLC now owns 896,100 shares of the company’s stock valued at $4,525,000 after buying an additional 34,600 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Clear Channel Outdoor Holdings during the fourth quarter valued at approximately $108,000. Gamco Investors INC. ET AL raised its stake in Clear Channel Outdoor Holdings by 28.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,246,589 shares of the company’s stock valued at $11,345,000 after buying an additional 495,108 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Clear Channel Outdoor Holdings by 1.1% in the fourth quarter. Gabelli Funds LLC now owns 2,753,144 shares of the company’s stock valued at $13,903,000 after buying an additional 29,000 shares in the last quarter. Institutional investors and hedge funds own 9.20% of the company’s stock.

Clear Channel Outdoor Holdings Company Profile

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).

5 Day Chart for NYSE:CCO

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