Price Don’t Lie: Could Clear Channel Outdoor Holdings, Inc. Gain Strenght? The Stock Reaches 52 Week Low

Price Don't Lie: Could Clear Channel Outdoor Holdings, Inc. Gain Strenght? The Stock Reaches 52 Week Low

The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is a huge mover today! The stock decreased 2.50% or $0.15 during the last trading session, hitting $5.84. About 197,293 shares traded hands or 22.65% up from the average. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has risen 61.77% since February 29, 2016 and is uptrending. It has outperformed by 51.35% the S&P500.
The move comes after 9 months negative chart setup for the $2.12B company. It was reported on Oct, 1 by Barchart.com. We have $5.55 PT which if reached, will make NYSE:CCO worth $106.00 million less.

Analysts await Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to report earnings on November, 3. They expect $-0.03 earnings per share, down 50.00% or $0.01 from last year’s $-0.02 per share. After $-0.19 actual earnings per share reported by Clear Channel Outdoor Holdings, Inc. for the previous quarter, Wall Street now forecasts -84.21% EPS growth.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Ratings Coverage

Out of 5 analysts covering Clear Channel Outdoor Holdings (NYSE:CCO), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Clear Channel Outdoor Holdings has been the topic of 8 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Loop Capital initiated Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) rating on Tuesday, September 13. Loop Capital has “Sell” rating and $5.50 price target. The firm has “Neutral” rating by Wedbush given on Tuesday, January 12. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, August 18 report. Topeka Capital Markets maintained Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) on Friday, November 6 with “Buy” rating. The firm has “Neutral” rating by Wedbush given on Wednesday, October 28. As per Friday, May 13, the company rating was downgraded by Evercore.

According to Zacks Investment Research, “Clear Channel Outdoor Holdings, based in San Antonio, TX, is a global leader in outdoor advertising displays in countries across continents. In the United States, the company operates advertising displays and has a presence of the top DMA regions. It manages a large portion of Spectacular Displays in Times Square as well as Airport, Taxi and Mall advertising worldwide. Adshel is the company’s International street furniture division.”

Insitutional Activity: The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.02, from 0.76 in 2016Q1. The ratio improved, as 10 funds sold all Clear Channel Outdoor Holdings, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 30.82 million shares or 2.29% less from 31.54 million shares in 2016Q1.
Brookfield Asset holds 0.01% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 315,000 shares. Huntington National Bank holds 100 shares or 0% of its portfolio. Los Angeles Capital Mngmt & Equity Research holds 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 17,765 shares. Blackrock Advisors Limited Liability Com has invested 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Blackstone Group Lp accumulated 0.07% or 2.30 million shares. Bbt Capital Mngmt Llc last reported 0.06% of its portfolio in the stock. Ladenburg Thalmann Financial Services Incorporated holds 52 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Limited Liability Company reported 10,583 shares or 0% of all its holdings. The United Kingdom-based Barclays Pcl has invested 0% in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Wells Fargo & Mn has 0% invested in the company for 68 shares. The Massachusetts-based Geode Capital Management Lc has invested 0% in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Dimensional Fund Limited Partnership has 322,705 shares for 0% of their US portfolio. Gabelli Funds Ltd Liability Com last reported 2.72M shares in the company. The New York-based Arbiter Prtnrs Limited Liability Company has invested 0.04% in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Morgan Stanley, a New York-based fund reported 8,730 shares.

More notable recent Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) news were published by: Businesswire.com which released: “Clear Channel Outdoor Holdings, Inc. Reports Results for 2016 Second Quarter” on August 04, 2016, also Businesswire.com with their article: “Clear Channel Outdoor Holdings, Inc. Closes Sales of Five Outdoor Markets to …” published on January 07, 2016, Marketwatch.com published: “Clear Channel Outdoor posts loss as revenue dips” on February 25, 2016. More interesting news about Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) were released by: Businesswire.com and their article: “Clear Channel Outdoor Holdings, Inc. Announces Proposed Private Offering of …” published on December 07, 2015 as well as Businesswire.com‘s news article titled: “Clear Channel Outdoor Holdings, Inc. Announces Pricing of Offering of 8.75 …” with publication date: December 11, 2015.

CCO Company Profile

Clear Channel Outdoor Holdings, Inc., incorporated on August 11, 1995, is an outdoor advertising company. The Firm owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. The Firm operates in two divisions: Americas outdoor advertising (Americas) and International outdoor advertising (International). The Firm owns or operates more than 650,000 advertising displays around the world.

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