Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) had its target price decreased by Loop Capital from $5.00 to $4.00 in a research report report published on Thursday. Loop Capital currently has a hold rating on the business services provider’s stock.
A number of other research analysts have also weighed in on CCO. ValuEngine raised shares of Clear Channel Outdoor Holdings from a sell rating to a hold rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of Clear Channel Outdoor Holdings from a buy rating to a hold rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Clear Channel Outdoor Holdings has a consensus rating of Hold and a consensus target price of $7.44.
Clear Channel Outdoor Holdings (CCO) traded down $0.20 during mid-day trading on Thursday, hitting $3.85. 81,600 shares of the company were exchanged, compared to its average volume of 188,402. Clear Channel Outdoor Holdings has a 1 year low of $3.35 and a 1 year high of $6.35. The company has a debt-to-equity ratio of -4.10, a quick ratio of 1.52 and a current ratio of 1.47. The stock has a market capitalization of $1,401.34, a price-to-earnings ratio of 192.50 and a beta of 1.61.
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The company also recently disclosed a dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, October 26th were paid a dividend of $0.0687 per share. The ex-dividend date was Wednesday, November 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in Clear Channel Outdoor Holdings by 4,583.2% during the third quarter. Advisors Asset Management Inc. now owns 41,493 shares of the business services provider’s stock worth $193,000 after buying an additional 40,607 shares during the period. Alta Fundamental Advisers LLC purchased a new position in Clear Channel Outdoor Holdings during the second quarter worth $2,636,000. State Street Corp boosted its stake in Clear Channel Outdoor Holdings by 0.4% during the second quarter. State Street Corp now owns 685,944 shares of the business services provider’s stock worth $3,326,000 after buying an additional 3,004 shares during the period. Balyasny Asset Management LLC purchased a new position in Clear Channel Outdoor Holdings during the second quarter worth $152,000. Finally, Voya Investment Management LLC boosted its stake in Clear Channel Outdoor Holdings by 70.6% during the second quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock worth $111,000 after buying an additional 9,485 shares during the period. 9.60% of the stock is owned by institutional investors.
About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).
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