CLEAR CHANNEL O/SH (NYSE:CCO) shares were up 1.7% during mid-day trading on Wednesday . The company traded as high as $2.45 and last traded at $2.41, approximately 125,117 shares traded hands during trading. A decline of 91% from the average daily volume of 1,343,952 shares. The stock had previously closed at $2.37.

A number of equities analysts have issued reports on CCO shares. Raymond James restated an “average” rating and set a $16.00 target price on shares of CLEAR CHANNEL O/SH in a report on Friday, July 26th. Barrington Research reiterated a “buy” rating and set a $6.50 price objective on shares of CLEAR CHANNEL O/SH in a report on Monday, April 29th. ValuEngine cut CLEAR CHANNEL O/SH from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. TheStreet cut CLEAR CHANNEL O/SH from a “c-” rating to a “d” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded CLEAR CHANNEL O/SH from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.63.

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -4.16 and a beta of 0.72. The firm’s fifty day moving average price is $3.74.

In other CLEAR CHANNEL O/SH news, CEO Christopher William Eccleshare sold 82,453 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $5.16, for a total value of $425,457.48. Following the sale, the chief executive officer now owns 984,712 shares in the company, valued at approximately $5,081,113.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. Aperio Group LLC acquired a new position in shares of CLEAR CHANNEL O/SH during the 2nd quarter worth approximately $26,000. Legal & General Group Plc increased its holdings in shares of CLEAR CHANNEL O/SH by 56.4% during the 4th quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock worth $42,000 after acquiring an additional 2,927 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of CLEAR CHANNEL O/SH by 288.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,694 shares of the business services provider’s stock worth $47,000 after acquiring an additional 6,458 shares during the last quarter. Virtus ETF Advisers LLC acquired a new position in shares of CLEAR CHANNEL O/SH during the 2nd quarter worth approximately $49,000. Finally, SG Americas Securities LLC acquired a new position in shares of CLEAR CHANNEL O/SH during the 2nd quarter worth approximately $57,000. 9.22% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR CHANNEL O/SH Company Profile (NYSE:CCO)

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.

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