Media stories about Clear Channel Outdoor (NYSE:CCO) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Clear Channel Outdoor earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.4611679100291 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Monday, March 12th. ValuEngine cut shares of Clear Channel Outdoor from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Cleveland Research cut shares of Clear Channel Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.33.
Shares of CCO stock opened at $4.95 on Friday. Clear Channel Outdoor has a 12-month low of $3.35 and a 12-month high of $6.15. The company has a debt-to-equity ratio of -4.10, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $1,801.72, a P/E ratio of 12.69 and a beta of 1.64.
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Clear Channel Outdoor Company Profile
Clear Channel Outdoor Holdings, Inc, an outdoor advertising company, owns and operates advertising display faces. It operates in two segments, Americas Outdoor Advertising (Americas) and International Outdoor Advertising (International). The company offers advertising services through billboards comprising bulletins and posters; street furniture displays, including advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; and other out-of-home advertising displays, such as wallscapes and spectaculars, as well as mall displays and other small displays.
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