Clear Channel Outdoor (NYSE:CCO) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.00.
Several equities research analysts have recently commented on CCO shares. ValuEngine downgraded shares of Clear Channel Outdoor from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Cleveland Research downgraded shares of Clear Channel Outdoor from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th.
Shares of NYSE:CCO remained flat at $$4.95 on Friday. 26,175 shares of the stock traded hands, compared to its average volume of 193,164. Clear Channel Outdoor has a 52 week low of $3.35 and a 52 week high of $6.15. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $1,783.52, a P/E ratio of 12.69 and a beta of 1.64.
Clear Channel Outdoor Company Profile
Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces. It operates in two segments, Americas Outdoor Advertising (Americas) and International Outdoor Advertising (International). The company offers advertising services through billboards comprising bulletins and posters; street furniture displays, including advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; and other out-of-home advertising displays, such as wallscapes and spectaculars, as well as mall displays and other small displays.
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