Somewhat Positive News Coverage Somewhat Unlikely to Impact Clear Channel Outdoor (CCO) Stock Price
News stories about Clear Channel Outdoor (NYSE:CCO) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog 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 news impact score of 0.08 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.1848084740545 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
CCO has been the subject of a number of analyst reports. ValuEngine downgraded shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Loop Capital lowered 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 report on Thursday, November 9th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Clear Channel Outdoor has a consensus rating of “Hold” and an average price target of $5.25.
Clear Channel Outdoor (CCO) opened at $4.20 on Monday. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47. Clear Channel Outdoor has a 1-year low of $3.35 and a 1-year high of $6.35. The company has a market cap of $1,530.00, a PE ratio of 210.00 and a beta of 1.63.
The firm also recently declared a dividend, which was paid on Tuesday, October 31st. Investors of record on Thursday, October 26th were issued a $0.0687 dividend. The ex-dividend date was Wednesday, November 1st.
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About Clear Channel Outdoor
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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