Loop Capital Lowers Clear Channel Outdoor Holdings, Inc. (CCO) Price Target to $4.00

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) had its target price cut by Loop Capital from $5.00 to $4.00 in a research report report published on Thursday morning. They currently have a hold rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Clear Channel Outdoor Holdings from a hold rating to a sell rating in a research note on Wednesday, October 25th. ValuEngine upgraded Clear Channel Outdoor Holdings from a sell rating to a hold rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of Hold and a consensus price target of $7.44.

Clear Channel Outdoor Holdings (CCO) traded down $0.20 during midday trading on Thursday, reaching $3.85. The company’s stock had a trading volume of 81,600 shares, compared to its average volume of 191,506. The company has a market cap of $1,401.34, a PE ratio of 192.50 and a beta of 1.61. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47. Clear Channel Outdoor Holdings has a 12-month low of $3.35 and a 12-month high of $6.35.

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The business also recently declared a dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, October 26th were given a dividend of $0.0687 per share. The ex-dividend date of this dividend was Wednesday, November 1st.

Several large investors have recently bought and sold shares of CCO. Alta Fundamental Advisers LLC acquired a new position in shares of Clear Channel Outdoor Holdings during the 2nd quarter worth approximately $2,636,000. Northern Trust Corp increased its holdings in shares of Clear Channel Outdoor Holdings by 196.3% during the 2nd quarter. Northern Trust Corp now owns 523,856 shares of the business services provider’s stock worth $2,540,000 after acquiring an additional 347,073 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Clear Channel Outdoor Holdings by 12.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock worth $15,114,000 after acquiring an additional 346,755 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Clear Channel Outdoor Holdings by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock worth $27,626,000 after acquiring an additional 300,142 shares during the last quarter. Finally, AEGON USA Investment Management LLC increased its holdings in shares of Clear Channel Outdoor Holdings by 96.9% during the 2nd quarter. AEGON USA Investment Management LLC now owns 468,819 shares of the business services provider’s stock worth $2,274,000 after acquiring an additional 230,683 shares during the last quarter. 9.56% of the stock is currently owned by hedge funds and other institutional investors.

Clear Channel Outdoor Holdings Company Profile

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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