Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.00.

A number of brokerages have recently issued reports on CCO. TheStreet raised Clear Channel Outdoor from a “d” rating to a “c-” rating in a report on Friday, March 8th. ValuEngine downgraded Clear Channel Outdoor from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research raised Clear Channel Outdoor from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Thursday, January 3rd. Barrington Research raised Clear Channel Outdoor from a “market perform” rating to an “outperform” rating and set a $6.50 price target on the stock in a report on Monday, March 11th. Finally, BMO Capital Markets reaffirmed an “average” rating and set a $17.50 price target on shares of Clear Channel Outdoor in a report on Tuesday, February 12th.

A number of hedge funds have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Clear Channel Outdoor by 56.4% in the fourth quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 2,927 shares during the period. California Public Employees Retirement System lifted its holdings in Clear Channel Outdoor by 7.2% in the fourth quarter. California Public Employees Retirement System now owns 73,340 shares of the business services provider’s stock valued at $381,000 after acquiring an additional 4,935 shares during the period. Meeder Asset Management Inc. lifted its holdings in Clear Channel Outdoor by 900.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,234 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,611 shares during the period. Bank of America Corp DE lifted its holdings in Clear Channel Outdoor by 15.9% in the fourth quarter. Bank of America Corp DE now owns 49,402 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 6,775 shares during the period. Finally, Northern Trust Corp lifted its holdings in Clear Channel Outdoor by 1.5% in the fourth quarter. Northern Trust Corp now owns 574,659 shares of the business services provider’s stock valued at $2,982,000 after acquiring an additional 8,301 shares during the period. 8.95% of the stock is currently owned by institutional investors.

Shares of NYSE:CCO opened at $5.27 on Tuesday. The firm has a market cap of $1.93 billion, a PE ratio of -9.09 and a beta of 1.07. Clear Channel Outdoor has a 1 year low of $4.22 and a 1 year high of $6.38.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates in 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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