Barclays Capital Reiterates Equalweight on Clear Channel Outdoor Holdings (CCO)

By admin | 6 years ago

Clear Channel Outdoor Holdings (NYSE: CCO)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Monday.

Shares of Clear Channel Outdoor Holdings opened at 7.11 on Monday. Clear Channel Outdoor Holdings has a one year low of $6.47 and a one year high of $15.38. The company’s market cap is $2.534 billion.

Clear Channel Outdoor Holdings last issued its quarterly earnings data on Friday, May 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.07. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Clear Channel Outdoor Holdings will post $0.00 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) cut their price target on shares of Clear Channel Outdoor Holdings to $7.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Caris & Company upgraded shares of Clear Channel Outdoor Holdings from an “average” rating to an “above average” rating in a research note to investors on Tuesday, March 20th. They now have a $11.00 price target on the stock. Finally, analysts at Caris & Company upgraded shares of Clear Channel Outdoor Holdings from an “average” rating to an “above average” rating in a research note to investors on Tuesday, March 20th. They now have a $11.00 price target on the stock.

Clear Channel Outdoor Holdings, Inc. provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes, spectaculars, neons and mall displays, which it owns or operates in key markets globally.

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