Clear Channel Outdoor Holdings (CCO) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $4 . Wedbush advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Clear Channel Outdoor Holdings. Shares were Downgraded by Topeka Capital Markets on Feb 17, 2016 to ” Sell” and Lowered the Price Target to $ 2 from a previous price target of $11 .
Clear Channel Outdoor Holdings opened for trading at $5.95 and hit $6.03 on the upside on Wednesday, eventually ending the session at $5.62, with a gain of 8.08% or 0.42 points. The heightened volatility saw the trading volume jump to 1,64,149 shares. Company has a market cap of $2,032 M.
In a different news, on Mar 8, 2016, Scott Wells (officer ) purchased 5,000 shares at $4.13 per share price. According to the SEC, on May 20, 2015, Christopher William Eccleshare (officer ) sold 33,000 shares at $0.00 per share price.
Clear Channel Outdoor Holdings Inc. is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards street furniture displays transit displays and other out-of-home advertising displays such as wallscapes and spectaculars which the Company owns or operates. The Company operates in two segments: Americas outdoor advertising (Americas) which includes operations in the United States and Canada and International outdoor advertising (International) which includes operations in Asia Australia Europe and Latin America. In Americas segment the Company owns or operates approximately 103000 display structures with operations in 45 markets in the United States. In the International segment the Company operates more than 540000 displays across 26 countries.