Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm. Four research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $4.50.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Loop Capital started coverage on shares of Clear Channel Outdoor Holdings in a research note on Monday, September 12th. They set a “sell” rating and a $5.50 price target for the company. Finally, TheStreet cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th.

Clear Channel Outdoor Holdings (NYSE:CCO) traded up 0.88% during midday trading on Friday, reaching $5.75. The company’s stock had a trading volume of 39,510 shares. The firm has a 50-day moving average price of $6.27 and a 200 day moving average price of $6.07. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 287.50 and a beta of 1.49. Clear Channel Outdoor Holdings has a 52-week low of $2.97 and a 52-week high of $7.74.

Clear Channel Outdoor Holdings (NYSE:CCO) last released its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $721.57 million. Equities research analysts predict that Clear Channel Outdoor Holdings will post $0.26 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Clear Channel Outdoor Holdings by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 5,618,649 shares of the company’s stock worth $34,948,000 after buying an additional 159,764 shares in the last quarter. Blackstone Group L.P. raised its stake in Clear Channel Outdoor Holdings by 14.3% in the second quarter. Blackstone Group L.P. now owns 2,295,055 shares of the company’s stock valued at $14,275,000 after buying an additional 286,767 shares during the last quarter. Dimensional Fund Advisors LP raised 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 valued at $2,007,000 after buying an additional 46,543 shares during the last quarter. BlackRock Fund Advisors raised its stake in Clear Channel Outdoor Holdings by 1.1% in the second quarter. BlackRock Fund Advisors now owns 309,851 shares of the company’s stock valued at $1,927,000 after buying an additional 3,447 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Clear Channel Outdoor Holdings by 18.7% in the second quarter. Citadel Advisors LLC now owns 217,509 shares of the company’s stock valued at $1,353,000 after buying an additional 34,231 shares during the last quarter. Hedge funds and other institutional investors own 9.32% of the company’s stock.

Clear Channel Outdoor Holdings Company Profile

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).

5 Day Chart for NYSE:CCO

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