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

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) rose 3.8% during trading on Friday . The company traded as high as $1.52 and last traded at $1.50. Approximately 893,667 shares changed hands during trading, a decline of 63% from the average daily volume of 2,384,121 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

CCO has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of 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. StockNews.com raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Finally, Barrington Research reissued an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.16.

Clear Channel Outdoor Trading Up 3.5 %

The stock has a fifty day moving average price of $1.67 and a two-hundred day moving average price of $1.55.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings results on Monday, February 26th. The business services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $632.11 million during the quarter, compared to analyst estimates of $611.62 million. During the same period last year, the firm earned $0.24 EPS. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Clear Channel Outdoor during the 1st quarter worth approximately $35,000. Optas LLC acquired a new stake in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $27,000. Covestor Ltd grew its position in shares of Clear Channel Outdoor by 12,212.4% during the 1st quarter. Covestor Ltd now owns 20,931 shares of the business services provider’s stock worth $72,000 after buying an additional 20,761 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $30,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds 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.