Clear Channel Outdoor (NYSE:CCO) Hits New 1-Year Low – What’s Next?

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $1.09 and last traded at $1.11, with a volume of 97802 shares. The stock had previously closed at $1.12.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research note on Monday, February 24th.

Clear Channel Outdoor Stock Down 0.4 %

The stock has a fifty day moving average price of $1.31 and a two-hundred day moving average price of $1.46. The company has a market cap of $546.41 million, a price-to-earnings ratio of -3.84 and a beta of 3.05.

Institutional Trading of Clear Channel Outdoor

A number of institutional investors have recently bought and sold shares of the business. Graham Capital Management L.P. bought a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at approximately $36,000. Cibc World Markets Corp bought a new stake in shares of Clear Channel Outdoor during the 4th quarter valued at $45,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Clear Channel Outdoor during the 4th quarter worth $53,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Clear Channel Outdoor in the third quarter worth $65,000. Finally, Jacksonville Wealth Management LLC acquired a new position in Clear Channel Outdoor in the fourth quarter valued at about $62,000. Institutional investors own 85.52% of the company’s stock.

Clear Channel Outdoor Company Profile

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.