Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) – Investment analysts at Barrington Research boosted their Q4 2017 earnings estimates for shares of Clear Channel Outdoor Holdings in a research report issued to clients and investors on Tuesday. Barrington Research analyst J. Goss now expects that the business services provider will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05. Barrington Research also issued estimates for Clear Channel Outdoor Holdings’ Q2 2018 earnings at $0.00 EPS.

A number of other equities research analysts have also weighed in on CCO. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a research note on Friday, July 28th. Finally, TheStreet lowered shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Clear Channel Outdoor Holdings presently has a consensus rating of “Hold” and a consensus price target of $7.81.

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Shares of Clear Channel Outdoor Holdings (NYSE CCO) traded up 2.56% during trading on Wednesday, reaching $4.00. The company’s stock had a trading volume of 60,894 shares. Clear Channel Outdoor Holdings has a one year low of $3.35 and a one year high of $7.31. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 40.00 and a beta of 1.51. The firm’s 50-day moving average price is $4.69 and its 200-day moving average price is $4.93.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $672.22 million.

Several large investors have recently modified their holdings of CCO. Nationwide Fund Advisors acquired a new stake in shares of Clear Channel Outdoor Holdings during the second quarter worth about $100,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock worth $126,000 after buying an additional 3,000 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of 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 worth $111,000 after buying an additional 9,485 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Clear Channel Outdoor Holdings during the second quarter worth about $152,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Clear Channel Outdoor Holdings during the first quarter worth about $215,000. 9.18% of the stock is 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 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).

Earnings History and Estimates for Clear Channel Outdoor Holdings (NYSE:CCO)

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