Barrington Keeps a Hold Rating on Clear Channel Outdoor (CCO)


Barrington analyst James Goss maintained a Hold rating on Clear Channel Outdoor (CCO) today. The company’s shares closed yesterday at $5.47.

Goss said:

“We maintain our MARKET PERFORM investment rating: Outdoor advertising maintains advantages in terms of cutting through the clutter. Removal of structural uncertainties involving iHeartMedia is a huge positive.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.1% and a 67.1% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Clear Channel Outdoor.

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The company has a one-year high of $6.38 and a one-year low of $4.23. Currently, Clear Channel Outdoor has an average volume of 105.6K.

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Clear Channel Outdoor Holdings, Inc. is an outdoor advertising company, which engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates its business through the Americas and International Outdoor segment.