Today’s Market Runner: What’s in Clear Channel Outdoor Holdings, Inc. After Today’s Huge Increase?

Today's Market Runner: What's in Clear Channel Outdoor Holdings, Inc. After Today's Huge Increase?

The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is a huge mover today! The stock increased 5.04% or $0.3 on November 23, hitting $6.25. About 52,320 shares traded hands. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has risen 27.03% since April 22, 2016 and is uptrending. It has outperformed by 21.62% the S&P500.
The move comes after 6 months positive chart setup for the $2.36B company. It was reported on Nov, 24 by Barchart.com. We have $6.63 PT which if reached, will make NYSE:CCO worth $141.60 million more.

Analysts await Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to report earnings on February, 23. They expect $0.05 EPS, up 141.67% or $0.17 from last year’s $-0.12 per share. CCO’s profit will be $18.88 million for 31.25 P/E if the $0.05 EPS becomes a reality. After $-0.09 actual EPS reported by Clear Channel Outdoor Holdings, Inc. for the previous quarter, Wall Street now forecasts -155.56% EPS growth.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Ratings Coverage

Out of 5 analysts covering Clear Channel Outdoor Holdings (NYSE:CCO), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Clear Channel Outdoor Holdings has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wedbush on Wednesday, October 28 to “Neutral”. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, August 18. The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has “Sell” rating given on Friday, May 13 by Evercore. The stock of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) earned “Hold” rating by Loop Capital on Thursday, November 3. Wedbush maintained Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) rating on Tuesday, January 12. Wedbush has “Neutral” rating and $7.0 price target. The firm has “Sell” rating by Loop Capital given on Tuesday, September 13. Topeka Capital Markets maintained the shares of CCO in a report on Friday, November 6 with “Buy” rating.

According to Zacks Investment Research, “Clear Channel Outdoor Holdings, based in San Antonio, TX, is a global leader in outdoor advertising displays in countries across continents. In the United States, the company operates advertising displays and has a presence of the top DMA regions. It manages a large portion of Spectacular Displays in Times Square as well as Airport, Taxi and Mall advertising worldwide. Adshel is the company’s International street furniture division.”

Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.70, from 0.78 in 2016Q1. The ratio is positive, as 10 funds sold all Clear Channel Outdoor Holdings, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 30.82 million shares or 2.29% less from 31.54 million shares in 2016Q1.
Dimensional Fund Lp reported 322,705 shares or 0% of all its holdings. Voya Invest Mgmt Llc accumulated 13,427 shares or 0% of the stock. Moreover, Arbiter Prtn Cap Management Limited Liability Company has 0.04% invested in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 50,000 shares. Blackrock Investment Mngmt Lc last reported 0% of its portfolio in the stock. Brookfield Asset Mngmt Inc has 0.01% invested in the company for 315,000 shares. Geode Mgmt Limited has 0% invested in the company for 242,399 shares. Vanguard Grp holds 2.58M shares or 0% of its portfolio. Northern accumulated 163,328 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 1,740 shares in the company. Canada Pension Plan Inv Board last reported 0% of its portfolio in the stock. Pacific Alternative Asset Commerce Lc has invested 0.36% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Blackrock Fund Advisors, a California-based fund reported 309,851 shares. Ladenburg Thalmann Fincl Services reported 52 shares or 0% of all its holdings. Gabelli Secs last reported 0.01% of its portfolio in the stock. Credit Suisse Ag holds 0% of its portfolio in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for 31,023 shares.

More notable recent Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) news were published by: Seekingalpha.com which released: “Clear Channel Outdoor Holdings, Inc. (CCO) Q3 2016 Results – Earnings Call …” on November 09, 2016, also Finance.Yahoo.com with their article: “iHeartMedia, Inc. and Clear Channel Outdoor Holdings, Inc. Set Date for 2016 …” published on October 21, 2016, Businesswire.com published: “Clear Channel Outdoor Holdings, Inc. Sells Interest in Adshel to Joint Venture …” on October 25, 2016. More interesting news about Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) were released by: Businesswire.com and their article: “Clear Channel Outdoor Holdings, Inc. Reports Results for 2016 Second Quarter” published on August 04, 2016 as well as Reuters.com‘s news article titled: “Lamar in advanced talks to buy Clear Channel Outdoor assets: sources” with publication date: January 06, 2016.

CCO Company Profile

Clear Channel Outdoor Holdings, Inc., incorporated on August 11, 1995, is an outdoor advertising company. The Firm owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. The Firm operates in two divisions: Americas outdoor advertising (Americas) and International outdoor advertising (International). The Firm owns or operates more than 650,000 advertising displays around the world.

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