Clear Channel Outdoor (NYSE:CCO) Stock Price Up 3.8%

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)’s stock price traded up 3.8% on Friday . The company traded as high as $1.52 and last traded at $1.50. 893,667 shares were traded during mid-day trading, a decline of 63% from the average session volume of 2,384,121 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley boosted their target price on Clear Channel Outdoor from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Barrington Research restated an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research report on Tuesday, February 27th. Finally, StockNews.com upgraded Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.16.

Clear Channel Outdoor Price Performance

The company has a 50-day simple moving average of $1.67 and a two-hundred day simple moving average of $1.55.

Clear Channel Outdoor (NYSE:CCO) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $632.11 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Clear Channel Outdoor Holdings, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Trading of Clear Channel Outdoor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Optas LLC purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at approximately $27,000. Parallax Volatility Advisers L.P. purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at approximately $30,000. Raymond James & Associates increased its stake in shares of Clear Channel Outdoor by 76.9% during the fourth quarter. Raymond James & Associates now owns 29,900 shares of the business services provider’s stock valued at $31,000 after buying an additional 13,000 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Clear Channel Outdoor during the first quarter valued at approximately $35,000. Finally, Alpine Global Management LLC purchased a new position in shares of Clear Channel Outdoor during the fourth quarter valued at approximately $36,000. Institutional investors own 85.52% of the company’s stock.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.