Barrington Keeps a Hold Rating on Clear Channel Outdoor (CCO)

By Austin Angelo

Barrington analyst James Goss maintained a Hold rating on Clear Channel Outdoor (CCOResearch Report) today. The company’s shares opened today at $6.05, close to its 52-week high of $6.38.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.0% and a 71.2% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, iPic Entertainment Inc, and Sirius XM Holdings Inc.

Clear Channel Outdoor has an analyst consensus of Hold.

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Based on Clear Channel Outdoor’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $50.38 million. In comparison, last year the company had a GAAP net loss of $61.64 million.

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Clear Channel Outdoor Holdings, Inc. is an outdoor advertising company, which engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates its business through the Americas and International Outdoor segment.