Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $5.50 price target on the stock.

According to Zacks, “Clear Channel Outdoor Holdings, based in San Antonio, TX, is a global leader in outdoor advertising displays in countries across continents. In the United States, the company operates advertising displays and has a presence of the top DMA regions. It manages a large portion of Spectacular Displays in Times Square as well as Airport, Taxi and Mall advertising worldwide. Adshel is the company’s International street furniture division. “

Several other research analysts have also recently commented on the company. TheStreet cut Clear Channel Outdoor Holdings from a hold rating to a sell rating in a research report on Wednesday, September 14th. Credit Suisse Group set a $14.00 price target on Clear Channel Outdoor Holdings and gave the company a hold rating in a research report on Monday, November 21st. Finally, Loop Capital started coverage on Clear Channel Outdoor Holdings in a research report on Monday, September 12th. They set a sell rating and a $5.50 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Clear Channel Outdoor Holdings has an average rating of Hold and a consensus price target of $6.17.

Analyst Recommendations for Clear Channel Outdoor Holdings (NYSE:CCO)

Shares of Clear Channel Outdoor Holdings (NYSE:CCO) traded down 1.00% during mid-day trading on Tuesday, hitting $4.95. The stock had a trading volume of 45,337 shares. The stock has a 50 day moving average of $5.25 and a 200-day moving average of $6.03. Clear Channel Outdoor Holdings has a 52 week low of $2.97 and a 52 week high of $7.31. The stock’s market capitalization is $1.78 billion.

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Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Clear Channel Outdoor Holdings by 64.3% in the third quarter. Tower Research Capital LLC TRC now owns 18,003 shares of the company’s stock worth $105,000 after buying an additional 7,048 shares during the period. Verition Fund Management LLC purchased a new position in shares of Clear Channel Outdoor Holdings during the third quarter worth $111,000. BlackRock Advisors LLC raised its position in shares of Clear Channel Outdoor Holdings by 0.8% in the third quarter. BlackRock Advisors LLC now owns 20,075 shares of the company’s stock worth $117,000 after buying an additional 152 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Clear Channel Outdoor Holdings during the second quarter worth $158,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Clear Channel Outdoor Holdings during the second quarter worth $164,000. Institutional investors own 9.21% 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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