Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) have been given an average rating of “Hold” by the eight ratings firms that are covering the firm. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.88.

Several equities analysts have recently weighed in on the company. Loop Capital assumed coverage on Clear Channel Outdoor Holdings in a report on Monday, September 12th. They set a “sell” rating and a $5.50 price target for the company. TheStreet cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Zacks Investment Research cut Clear Channel Outdoor Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 27th. Finally, Credit Suisse Group AG set a $14.00 price objective on Clear Channel Outdoor Holdings and gave the company a “hold” rating in a research report on Monday.

Shares of Clear Channel Outdoor Holdings (NYSE:CCO) opened at 5.95 on Friday. The firm’s market capitalization is $2.14 billion. Clear Channel Outdoor Holdings has a 52 week low of $2.97 and a 52 week high of $7.31. The firm’s 50-day moving average is $5.77 and its 200-day moving average is $6.28.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Clear Channel Outdoor Holdings by 249.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 116,152 shares of the company’s stock valued at $678,000 after buying an additional 82,913 shares during the last quarter. Credit Suisse AG boosted its position in shares of Clear Channel Outdoor Holdings by 3.7% in the third quarter. Credit Suisse AG now owns 32,161 shares of the company’s stock valued at $188,000 after buying an additional 1,138 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Clear Channel Outdoor Holdings during the third quarter valued at about $111,000. Panagora Asset Management Inc. boosted its position in shares of Clear Channel Outdoor Holdings by 60.3% in the third quarter. Panagora Asset Management Inc. now owns 64,061 shares of the company’s stock valued at $374,000 after buying an additional 24,091 shares during the last quarter. Finally, Blackstone Group L.P. boosted its position in shares of Clear Channel Outdoor Holdings by 40.3% in the third quarter. Blackstone Group L.P. now owns 3,220,940 shares of the company’s stock valued at $18,810,000 after buying an additional 925,885 shares during the last quarter. 9.31% of the stock is currently owned by institutional investors and hedge funds.

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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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