Barrington analyst James Goss maintained a Buy rating on Clear Channel Outdoor (CCO) today and set a price target of $6.50. The company’s shares opened today at $5.24.
Goss wrote:
“We reiterate our OUTPERFORM rating on CCO: We had expected that a resolution of structural issues could enable the investment opportunity within this fine set of assets to be unlocked. Removal of structural uncertainties involving iHeartMedia is a huge positive. Holdings, Inc.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.4% 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 Moderate Buy analyst consensus rating for Clear Channel Outdoor with a $6.50 average price target.
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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 81.1K.
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Clear Channel Outdoor Holdings, Inc. engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates through the Americas and International Outdoor segments. The Americas segment primarily includes operations in the United States.
