Clear Channel Outdoor Holdings (CCO) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media stories about Clear Channel Outdoor Holdings (NYSE:CCO) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clear Channel Outdoor Holdings earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.6924420072741 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have weighed in on CCO. ValuEngine raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research raised Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a research report on Friday, July 28th. Finally, BidaskClub raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.81.
Shares of Clear Channel Outdoor Holdings (CCO) traded down 3.03% during midday trading on Thursday, hitting $4.80. The stock had a trading volume of 90,672 shares. The stock’s 50-day moving average price is $4.15 and its 200 day moving average price is $4.65. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 48.00 and a beta of 1.56. Clear Channel Outdoor Holdings has a 52 week low of $3.35 and a 52 week high of $6.35.
Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The firm had revenue of $672.32 million during the quarter, compared to the consensus estimate of $672.22 million. On average, equities analysts forecast that Clear Channel Outdoor Holdings will post ($0.09) earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Monday, October 2nd will be issued a $0.0687 dividend. The ex-dividend date of this dividend is Friday, October 6th.
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Clear Channel Outdoor Holdings Company Profile
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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