Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

CCO has been the topic of several other reports. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $7.81.

Shares of Clear Channel Outdoor Holdings (CCO) opened at 4.30 on Tuesday. The firm has a market capitalization of $1.55 billion, a PE ratio of 43.00 and a beta of 1.56. Clear Channel Outdoor Holdings has a 52-week low of $3.35 and a 52-week high of $6.35. The stock’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.55.

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

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A number of institutional investors and hedge funds have recently modified their holdings of CCO. Bank of New York Mellon Corp grew its position in Clear Channel Outdoor Holdings by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 146,600 shares of the business services provider’s stock worth $887,000 after buying an additional 8,192 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 3,000 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Clear Channel Outdoor Holdings by 2.3% in the first quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock valued at $742,000 after purchasing an additional 2,800 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Clear Channel Outdoor Holdings by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,769,397 shares of the business services provider’s stock valued at $16,754,000 after purchasing an additional 151,067 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Clear Channel Outdoor Holdings by 8.3% in the first quarter. Geode Capital Management LLC now owns 279,116 shares of the business services provider’s stock valued at $1,688,000 after purchasing an additional 21,374 shares during the last quarter. Institutional investors own 9.64% of the company’s stock.

About Clear Channel Outdoor Holdings

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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