Barrington Sticks to Its Buy Rating for Clear Channel Outdoor (CCO)

By Carrie Williams

Barrington analyst James Goss maintained a Buy rating on Clear Channel Outdoor (CCOResearch Report) today and set a price target of $6.50. The company’s shares closed yesterday at $5.47.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 16.3% and a 69.6% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

Currently, the analyst consensus on Clear Channel Outdoor is a Moderate Buy with an average price target of $6.50.

See today’s analyst top recommended stocks >>

Based on Clear Channel Outdoor’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $25.65 million. In comparison, last year the company had a GAAP net loss of $127 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Clear Channel Outdoor Holdings, Inc. engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates through the Americas and International Outdoor segments. The Americas segment primarily includes operations in the United States.