Clear Channel Outdoor Holdings (NYSE:CCO) Has Just Had Its Target Decreased by Professional Analysts at Evercore ISI to $9.00


Analysis: Clear Channel Outdoor Holdings (NYSE:CCO) Price Target Change Today

In a comprehensive report disseminated by Evercore ISI on Wednesday, 2 December, the firm, Clear Channel Outdoor Holdings (NYSE:CCO), had their PT lowered to $9.00. Analusts at present have a solid Hold rating on the stock.

From a total of 3 analysts covering Clear Channel Outdoor Holdings (NYSE:CCO) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $11 while the lowest target price is $8. The mean of all analyst targets is $9.33 with a 76.91% above today’s ($5.37) stock price. Clear Channel Outdoor Holdings was the topic of 4 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 6 with “Buy” rating.

Approximately 33,076 shares of stock traded hands. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has declined 53.91% since April 29, 2015 and is downtrending. It has underperformed by 53.71% the S&P500.

Clear Channel Outdoor Holdings, Inc

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.” Get a free copy of the Zacks research report on Clear Channel Outdoor Holdings, Inc. (CCO).