Clear Channel Outdoor (CCO) Gets a Hold Rating from Barrington
In a report released today, James Goss from Barrington maintained a Hold rating on Clear Channel Outdoor (CCO). The company’s shares opened today at $5.40.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.8% and a 62.1% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and iPic Entertainment Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Clear Channel Outdoor.
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Based on Clear Channel Outdoor’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $65.09 million. In comparison, last year the company had a GAAP net loss of $544 million.
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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.