TheStreet lowered shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) from a hold rating to a sell rating in a report issued on Wednesday morning.

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

A number of other research firms have also weighed in on CCO. 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 objective for the company. Zacks Investment Research lowered Clear Channel Outdoor Holdings from a buy rating to a hold rating in a research report on Friday, July 15th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $5.00.

Clear Channel Outdoor Holdings (NYSE:CCO) opened at 6.15 on Wednesday. The stock’s 50 day moving average price is $6.65 and its 200-day moving average price is $5.90. The stock has a market cap of $2.22 billion, a PE ratio of 307.50 and a beta of 1.55. Clear Channel Outdoor Holdings has a 12 month low of $2.97 and a 12 month high of $8.14.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.22. Clear Channel Outdoor Holdings had a negative return on equity of 3.04% and a net margin of 0.25%. The firm earned $712.15 million during the quarter, compared to the consensus estimate of $721.57 million. Analysts anticipate that Clear Channel Outdoor Holdings will post $0.26 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in 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 during the period. Blackstone Group L.P. increased its position 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 period. State Street Corp increased its position in Clear Channel Outdoor Holdings by 2.4% in the first quarter. State Street Corp now owns 668,733 shares of the company’s stock valued at $3,145,000 after buying an additional 15,521 shares during the period. Renaissance Technologies LLC increased its position in Clear Channel Outdoor Holdings by 2.2% in the first quarter. Renaissance Technologies LLC now owns 649,100 shares of the company’s stock valued at $3,051,000 after buying an additional 13,708 shares during the period. Finally, Brookfield Asset Management Inc. bought a new position in Clear Channel Outdoor Holdings during the first quarter valued at $2,728,000. 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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