Clear Channel Outdoor (CCO) Earns News Sentiment Score of 0.12
News headlines about Clear Channel Outdoor (NYSE:CCO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clear Channel Outdoor earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.2675626980258 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have commented on the company. Zacks Investment Research raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Loop Capital dropped their target price on Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, November 9th. Finally, Scotiabank reissued a “sell” rating and issued a $12.00 target price on shares of Clear Channel Outdoor in a report on Monday, December 4th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.94.
Shares of Clear Channel Outdoor (NYSE:CCO) opened at $4.90 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of -4.10. Clear Channel Outdoor has a 1-year low of $3.35 and a 1-year high of $6.35. The company has a market capitalization of $1,783.52, a price-to-earnings ratio of 245.00 and a beta of 1.70.
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About Clear Channel Outdoor
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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