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

News headlines about Clear Channel Outdoor Holdings (NYSE:CCO) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clear Channel Outdoor Holdings earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.

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

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

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

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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).

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