Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Wednesday, July 19th. TheStreet cut Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research report on Thursday, May 4th. Finally, BidaskClub upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.81.

Shares of Clear Channel Outdoor Holdings (NYSE CCO) traded up 5.19% during mid-day trading on Friday, hitting $4.05. The stock had a trading volume of 241,736 shares. The stock’s 50-day moving average is $4.52 and its 200 day moving average is $4.85. Clear Channel Outdoor Holdings has a 12 month low of $3.35 and a 12 month high of $7.31. The company has a market cap of $1.46 billion, a PE ratio of 40.50 and a beta of 1.51.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. The business had revenue of $672.32 million during the quarter, compared to analysts’ expectations of $672.22 million. On average, equities research analysts forecast that Clear Channel Outdoor Holdings will post ($0.09) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Clear Channel Outdoor Holdings, Inc. (CCO) Cut to “Sell” at ValuEngine” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.watchlistnews.com/clear-channel-outdoor-holdings-inc-cco-cut-to-sell-at-valuengine/1536899.html.

Several hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors acquired a new stake in Clear Channel Outdoor Holdings during the second quarter valued at about $100,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Clear Channel Outdoor Holdings by 1.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,065 shares of the business services provider’s stock valued at $102,000 after buying an additional 300 shares in the last quarter. Voya Investment Management LLC boosted its stake in Clear Channel Outdoor Holdings by 70.6% in the second quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock valued at $111,000 after buying an additional 9,485 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in Clear Channel Outdoor Holdings during the second quarter valued at about $152,000. Finally, Laurion Capital Management LP acquired a new stake in Clear Channel Outdoor Holdings during the first quarter valued at about $215,000. Hedge funds and other institutional investors own 9.64% of the company’s stock.

About Clear Channel Outdoor Holdings

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).

Receive News & Ratings for Clear Channel Outdoor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Channel Outdoor Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.