Clear Channel Outdoor Holdings, Inc. (NYSE:CCO – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 34,210,000 shares, an increase of 7.6% from the May 31st total of 31,780,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is presently 18.9 days. Currently, 8.4% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, Barrington Research reiterated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Clear Channel Outdoor has a consensus rating of “Hold” and a consensus target price of $2.16.
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Institutional Inflows and Outflows
Clear Channel Outdoor Stock Performance
CCO opened at $1.59 on Thursday. Clear Channel Outdoor has a twelve month low of $1.04 and a twelve month high of $2.06. The company has a 50-day moving average price of $1.45 and a 200 day moving average price of $1.61.
Clear Channel Outdoor (NYSE:CCO – Get Free Report) last announced its earnings results on Thursday, May 9th. The business services provider reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $481.75 million for the quarter, compared to analyst estimates of $480.69 million. During the same period in the previous year, the company earned ($0.23) EPS. As a group, equities analysts forecast that Clear Channel Outdoor will post -0.25 EPS for the current fiscal year.
About Clear Channel Outdoor
Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.
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