Clear Channel Outdoor (NYSE:CCO)‘s stock had its “average” rating reaffirmed by investment analysts at BMO Capital Markets in a report released on Tuesday. They currently have a $17.50 target price on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 230.19% from the stock’s previous close.
Several other analysts have also commented on the stock. ValuEngine lowered shares of Clear Channel Outdoor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 2nd. Zacks Investment Research lowered shares of Clear Channel Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Wolfe Research began coverage on shares of Clear Channel Outdoor in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Finally, Barrington Research reiterated a “hold” rating on shares of Clear Channel Outdoor in a research report on Thursday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.75.
CCO stock opened at $5.30 on Tuesday. Clear Channel Outdoor has a 12 month low of $4.22 and a 12 month high of $6.38.
About Clear Channel Outdoor
Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates in two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.
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