Somewhat Positive Media Coverage Somewhat Unlikely to Affect Clear Channel Outdoor (CCO) Stock Price
Media headlines about Clear Channel Outdoor (NYSE:CCO) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clear Channel Outdoor earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.210620875963 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.
CCO has been the subject of a number of research reports. Zacks Investment Research cut shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Loop Capital decreased their price target on shares of Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. ValuEngine upgraded shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Scotiabank reiterated a “sell” rating and issued a $12.00 price target on shares of Clear Channel Outdoor in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Clear Channel Outdoor has an average rating of “Hold” and a consensus price target of $6.94.
Shares of Clear Channel Outdoor (NYSE:CCO) traded up $0.10 during trading hours on Thursday, hitting $4.70. 8,150 shares of the stock traded hands, compared to its average volume of 97,155. The stock has a market cap of $1,690.00, a P/E ratio of 232.50 and a beta of 1.71. 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 twelve month low of $3.35 and a twelve month high of $6.35.
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Clear Channel Outdoor 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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