Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Zacks Investment Research has upgraded Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to Hold in a statement released on 10/11/2016.
Boasting a price of $5.75, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) traded 0.88% higher on the day. With the last stock price close down -5.36% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Clear Channel Outdoor Holdings, Inc. has recorded a 50-day average of $6.25 and a two hundred day average of $6.08. Volume of trade was down over the average, with 55,091 shares of CCO changing hands under the typical 138,389
With a total market value of $0, Clear Channel Outdoor Holdings, Inc. has price-earnings ratio of 287.50 with a 52 week low of $2.97 and a 52 week high of $7.74 .
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokers have issued a research note on the company. The average stock price target is $4.00 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)
Clear Channel Outdoor Holdings, Inc. is an outdoor advertising company. The Company owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. It operates in two segments: Americas outdoor advertising (Americas) and International outdoor advertising (International). It owns or operates more than 650,000 advertising displays. The Americas segment consists of operations primarily in the United States, Canada and Latin America. The Americas assets consist of traditional and digital billboards, street furniture and transit displays, airport displays, wallscapes and other spectaculars, which the Company owns or operates under lease management agreements. The International segment primarily includes operations in Europe, Asia and Australia. The International assets consist of street furniture and transit displays, billboards, mall displays, Smartbike programs, wallscapes and other spectaculars.
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