Clear Channel Outdoor Holdings, Inc. (CCO) Given Consensus Rating of “Hold” by Analysts

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8.42.

Several analysts have recently commented on CCO shares. Zacks Investment Research raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Wednesday, July 19th. ValuEngine downgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.

Clear Channel Outdoor Holdings (CCO) opened at 4.10 on Wednesday. The firm has a 50-day moving average of $4.40 and a 200-day moving average of $4.80. Clear Channel Outdoor Holdings has a 52 week low of $3.35 and a 52 week high of $6.52. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 41.00 and a beta of 1.55.

Clear Channel Outdoor Holdings (NYSE:CCO) last released its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $672.32 million during the quarter, compared to the consensus estimate of $672.22 million. Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. Equities analysts forecast that Clear Channel Outdoor Holdings will post ($0.09) earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CCO. Bank of New York Mellon Corp lifted its holdings in shares of Clear Channel Outdoor Holdings by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 146,600 shares of the business services provider’s stock worth $887,000 after purchasing an additional 8,192 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Clear Channel Outdoor Holdings by 16.9% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock worth $126,000 after purchasing an additional 3,000 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Clear Channel Outdoor Holdings by 2.3% in the 1st quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock worth $742,000 after purchasing an additional 2,800 shares in the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Clear Channel Outdoor Holdings by 18.5% in the 1st quarter. Gallagher Fiduciary Advisors LLC now owns 564,193 shares of the business services provider’s stock worth $3,413,000 after purchasing an additional 88,000 shares in the last quarter. Finally, Mariner Investment Group LLC lifted its holdings in shares of Clear Channel Outdoor Holdings by 42.1% in the 1st quarter. Mariner Investment Group LLC now owns 250,630 shares of the business services provider’s stock worth $1,516,000 after purchasing an additional 74,300 shares in the last quarter. Institutional investors own 9.64% of the company’s stock.

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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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