Clear Channel Outdoor was Upgraded to a Hold Rating at Loop Capital Markets

By Carrie Williams

Clear Channel Outdoor (NYSE: CCO) received a Hold rating from Loop Capital Markets analyst David Miller today. The company’s shares closed yesterday at $5.60.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 11.4% and a 61.2% success rate. Miller covers the Services sector, focusing on stocks such as Madison Square Garden Co., Cinemark Holdings Inc, and Regal Entertainment.

Clear Channel Outdoor has an analyst consensus of Hold.

Clear Channel Outdoor’s market cap is currently $2.03B and has a P/E ratio of 219.61. The company has a book value ratio of -1.7548.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCO in relation to earlier this year. Most recently, in March 2016, Scott Wells, the Chief Executive Officer-Clear Channel Outdoor Amer of CCO bought 5,000 shares for a total of $20,650.

Clear Channel Outdoor Holdings, Inc. operates as an outdoor advertising company, which provides advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars, which it owns or operates in key markets worldwide. It operates its business through two segments: Americas Outdoor Advertising and International Outdoor Advertising. The Americas Outdoor Advertising segment’s assets consist of billboards, street furniture & transit displays, airport displays, mall displays and wallscapes & other spectaculars which operate in the United States, Canada and Latin America. The International Outdoor Advertising segment’s assets consist of street furniture & transit displays, billboards, mall displays, smartbike schemes, wallscapes and other spectaculars which operate in Asia, Australia and Europe. The company was founded in August 1995 and is headquartered in San Antonio, TX.