Clear Channel Outdoor (NYSE:CCO) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.00.

A number of research analysts have weighed in on CCO shares. Cleveland Research downgraded Clear Channel Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. ValuEngine downgraded Clear Channel Outdoor from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Monday, March 12th.

Clear Channel Outdoor remained flat at $$4.30 during trading on Monday, MarketBeat.com reports. The company’s stock had a trading volume of 58,979 shares, compared to its average volume of 94,415. Clear Channel Outdoor has a 52 week low of $3.35 and a 52 week high of $5.75. The company has a debt-to-equity ratio of -2.65, a quick ratio of 1.48 and a current ratio of 1.37. The company has a market capitalization of $1.57 billion, a P/E ratio of 215.00 and a beta of 1.66.

Clear Channel Outdoor (NYSE:CCO) last posted its earnings results on Tuesday, May 22nd. The business services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.13). Clear Channel Outdoor had a negative net margin of 27.89% and a negative return on equity of 0.52%. The firm had revenue of $598.71 million during the quarter, compared to the consensus estimate of $598.97 million. sell-side analysts anticipate that Clear Channel Outdoor will post -0.34 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in Clear Channel Outdoor by 112.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 40,868 shares of the business services provider’s stock worth $187,000 after buying an additional 21,674 shares in the last quarter. Clearline Capital LP purchased a new stake in Clear Channel Outdoor in the fourth quarter worth about $199,000. Wells Fargo & Company MN increased its position in Clear Channel Outdoor by 129.5% in the fourth quarter. Wells Fargo & Company MN now owns 43,873 shares of the business services provider’s stock worth $202,000 after buying an additional 24,758 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Clear Channel Outdoor in the fourth quarter worth about $235,000. Finally, Symphony Asset Management LLC increased its position in Clear Channel Outdoor by 50.0% in the first quarter. Symphony Asset Management LLC now owns 63,000 shares of the business services provider’s stock worth $309,000 after buying an additional 21,000 shares in the last quarter. 8.96% of the stock is currently owned by institutional investors.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces in the United States and internationally. It operates in 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.

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