TheStreet cut shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

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

A number of other analysts have also 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 target price for the company. Zacks Investment Research downgraded Clear Channel Outdoor Holdings from a buy rating to a hold rating in a research report on Friday, July 15th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $5.00.

Clear Channel Outdoor Holdings (NYSE:CCO) opened at 6.15 on Wednesday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 307.50 and a beta of 1.55. The company’s 50-day moving average price is $6.65 and its 200 day moving average price is $5.90. Clear Channel Outdoor Holdings has a 52-week low of $2.97 and a 52-week high of $8.14.

Clear Channel Outdoor Holdings (NYSE:CCO) last posted its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.22. The company had revenue of $712.15 million for the quarter, compared to analysts’ expectations of $721.57 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.04% and a net margin of 0.25%. On average, equities research analysts predict that Clear Channel Outdoor Holdings will post $0.26 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in Clear Channel Outdoor Holdings during the second quarter valued at about $158,000. O Shaughnessy Asset Management LLC purchased a new position in Clear Channel Outdoor Holdings during the second quarter valued at about $164,000. Rhumbline Advisers increased its position in Clear Channel Outdoor Holdings by 2.7% in the second quarter. Rhumbline Advisers now owns 29,543 shares of the company’s stock valued at $184,000 after buying an additional 781 shares during the last quarter. M&T Bank Corp purchased a new position in Clear Channel Outdoor Holdings during the first quarter valued at about $150,000. Finally, Panagora Asset Management Inc. increased its position in Clear Channel Outdoor Holdings by 45.3% in the second quarter. Panagora Asset Management Inc. now owns 39,970 shares of the company’s stock valued at $249,000 after buying an additional 12,463 shares during the last quarter. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

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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