Clear Channel Outdoor (CCO) Getting Somewhat Favorable News Coverage, Analysis Shows

News stories about Clear Channel Outdoor (NYSE:CCO) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Clear Channel Outdoor earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.2582522613243 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Clear Channel Outdoor (CCO) opened at $4.55 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of -4.10. The firm has a market capitalization of $1,674.33, a PE ratio of 227.50 and a beta of 1.70. Clear Channel Outdoor has a twelve month low of $3.35 and a twelve month high of $6.35.

Clear Channel Outdoor (NYSE:CCO) last posted its earnings results on Wednesday, November 8th. The business services provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). Clear Channel Outdoor had a net margin of 0.24% and a negative return on equity of 0.52%. equities research analysts expect that Clear Channel Outdoor will post -0.23 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CCO. Zacks Investment Research raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Scotiabank reissued a “sell” rating and issued a $12.00 price objective on shares of Clear Channel Outdoor in a report on Monday, December 4th. ValuEngine raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Loop Capital decreased their price objective on Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.94.

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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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