Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) had its price objective reduced by analysts at Loop Capital from $5.00 to $4.00 in a note issued to investors on Thursday. The firm currently has a “hold” rating on the business services provider’s stock. Loop Capital’s price target suggests a potential upside of 3.90% from the company’s current price.

Several other brokerages have also recently commented on CCO. Zacks Investment Research cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.44.

Clear Channel Outdoor Holdings (NYSE:CCO) opened at $3.85 on Thursday. The company has a market capitalization of $1,474.14, a price-to-earnings ratio of 202.50 and a beta of 1.61. Clear Channel Outdoor Holdings has a 12-month low of $3.35 and a 12-month high of $6.35. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.52.

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A number of hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new position in shares of Clear Channel Outdoor Holdings during the second quarter valued at $100,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Clear Channel Outdoor Holdings by 1.4% during 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 acquiring an additional 300 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Clear Channel Outdoor Holdings by 70.6% during the second quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 9,485 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Clear Channel Outdoor Holdings during the second quarter valued at $152,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Clear Channel Outdoor Holdings by 4,583.2% during the third quarter. Advisors Asset Management Inc. now owns 41,493 shares of the business services provider’s stock valued at $193,000 after acquiring an additional 40,607 shares during the period. 9.60% of the stock is owned by hedge funds and other institutional investors.

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).

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