Today’s Price Action: What’s in Clear Channel Outdoor Holdings, Inc. After Today’s Huge Increase?

Today's Price Action: What's in Clear Channel Outdoor Holdings, Inc. After Today's Huge Increase?

The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is a huge mover today! The stock increased 3.60% or $0.21 on October 3, hitting $6.05. About 90,282 shares traded hands. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has risen 61.77% since February 29, 2016 and is uptrending. It has outperformed by 49.56% the S&P500.
The move comes after 5 months positive chart setup for the $2.14 billion company. It was reported on Oct, 4 by Barchart.com. We have $8.47 PT which if reached, will make NYSE:CCO worth $856.00 million more.

Analysts await Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to report earnings on November, 3. They expect $-0.03 EPS, down 50.00% or $0.01 from last year’s $-0.02 per share. After $-0.19 actual EPS 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. The firm has “Buy” rating by Topeka Capital Markets given on Friday, November 6. Wedbush upgraded Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) on Wednesday, October 28 to “Neutral” rating. As per Friday, May 13, the company rating was downgraded by Evercore. Wedbush maintained it with “Neutral” rating and $7.0 target price in Tuesday, January 12 report. The stock has “Sell” rating given by Loop Capital on Tuesday, September 13. As per Tuesday, August 18, the company rating was downgraded by Wells Fargo.

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 Q2 2016. Its up 0.02, from 0.76 in 2016Q1. The ratio increased, 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.
Deutsche National Bank & Trust Ag has 0% invested in the company for 8,494 shares. Rhumbline Advisers, a Massachusetts-based fund reported 29,543 shares. Teacher Retirement System Of Texas accumulated 4,551 shares or 0% of the stock. Great West Life Assurance Comm Can reported 2,564 shares or 0% of all its holdings. National Bank Of Montreal Can, a Ontario – Canada-based fund reported 3,486 shares. Sei Invests holds 0% or 911 shares in its portfolio. Moreover, Teachers Advisors has 0% invested in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 87,640 shares. Goldman Sachs Group Inc reported 37,673 shares or 0% of all its holdings. Swiss National Bank & Trust holds 66,000 shares or 0% of its portfolio. Blackrock Fund Advsrs holds 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 309,851 shares. Invesco Limited accumulated 0% or 138,045 shares. Panagora Asset Management Incorporated reported 39,970 shares or 0% of all its holdings. Gallagher Fiduciary Ltd Llc accumulated 1.1% or 504,745 shares. The New York-based Alliancebernstein L P has invested 0% in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Vanguard Grp Inc Inc holds 0% or 2.58 million shares in its portfolio.

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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