Somewhat Positive Press Coverage Very Likely to Affect Clear Channel Outdoor Holdings (NYSE:CCO) Stock Price

News stories about Clear Channel Outdoor Holdings (NYSE:CCO) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Clear Channel Outdoor Holdings earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the immediate future.

Shares of Clear Channel Outdoor Holdings (NYSE CCO) opened at 4.40 on Tuesday. The firm’s market capitalization is $1.59 billion. Clear Channel Outdoor Holdings has a 12 month low of $3.35 and a 12 month high of $7.31. The firm’s 50-day moving average price is $4.02 and its 200 day moving average price is $4.99.

Clear Channel Outdoor Holdings (NYSE:CCO) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.07. Clear Channel Outdoor Holdings had a negative net margin of 1.04% and a negative return on equity of 14.75%. The firm had revenue of $544.73 million for the quarter, compared to the consensus estimate of $559.30 million. Analysts anticipate that Clear Channel Outdoor Holdings will post ($0.11) earnings per share for the current fiscal year.

Several equities research analysts have recently commented on CCO shares. TheStreet upgraded shares of Clear Channel Outdoor Holdings from a “d+” rating to a “c” rating in a research note on Thursday, March 23rd. ValuEngine cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.69.

ILLEGAL ACTIVITY NOTICE: This report was first published by Stock Observer and is owned by of Stock Observer. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.thestockobserver.com/2017/07/18/clear-channel-outdoor-holdings-cco-earning-somewhat-favorable-media-coverage-alphaone-reports-updated-updated-updated.html.

About Clear Channel Outdoor Holdings

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).

Insider Buying and Selling by Quarter for Clear Channel Outdoor Holdings (NYSE:CCO)

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

Leave a Reply