Barrington Research restated their buy rating on shares of Clear Channel Outdoor (NYSE:CCO) in a report issued on Thursday, AnalystRatings.com reports. They currently have a $6.50 price target on the business services provider’s stock.
A number of other research firms have also recently commented on CCO. ValuEngine raised shares of Clear Channel Outdoor from a hold rating to a buy rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Clear Channel Outdoor from a buy rating to a hold rating in a report on Tuesday, January 15th. TheStreet raised shares of Clear Channel Outdoor from a d rating to a c- rating in a report on Friday, March 8th. Finally, BMO Capital Markets reaffirmed an average rating and issued a $17.50 price target on shares of Clear Channel Outdoor in a report on Tuesday, February 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $10.00.
NYSE:CCO opened at $5.23 on Thursday. Clear Channel Outdoor has a 12 month low of $4.22 and a 12 month high of $6.38.
Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in Clear Channel Outdoor by 900.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,234 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,611 shares during the period. Legal & General Group Plc raised its holdings in Clear Channel Outdoor by 56.4% during the 4th quarter. Legal & General Group Plc now owns 8,116 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 2,927 shares during the period. Jane Street Group LLC bought a new stake in Clear Channel Outdoor during the 4th quarter valued at $63,000. Metropolitan Life Insurance Co. NY bought a new stake in Clear Channel Outdoor during the 4th quarter valued at $70,000. Finally, Millennium Management LLC bought a new stake in Clear Channel Outdoor during the 4th quarter valued at $85,000. 8.94% of the stock is currently owned by institutional investors and hedge funds.
Clear Channel Outdoor Company Profile
Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates through two segments, Americas Outdoor Advertising and International Outdoor Advertising. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and other displays comprising spectaculars and wallscapes, as well as retail and other small displays.
Receive News & Ratings for Clear Channel Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Channel Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.