An issue of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) debt rose 2.5% against its face value during trading on Wednesday, Analyst Ratings Net reports. The high-yield issue of debt has a 6.5% coupon and will mature on November 15, 2022. The bonds in the issue are now trading at $92.00. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

A number of research firms have commented on CCO. Wedbush upgraded shares of Clear Channel Outdoor Holdings from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $10.50 to $9.50 in a research note on Wednesday, October 28th. TheStreet lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Monday, November 9th. Zacks Investment Research lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong sell” rating in a research note on Friday, November 6th. Topeka Capital Markets dropped their price target on shares of Clear Channel Outdoor Holdings from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Finally, Evercore ISI dropped their price target on shares of Clear Channel Outdoor Holdings from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.00.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) traded up 3.37% during mid-day trading on Thursday, reaching $4.91. 195,099 shares of the company were exchanged. The company’s 50 day moving average price is $5.15 and its 200-day moving average price is $6.99. The stock’s market capitalization is $1.77 billion. Clear Channel Outdoor Holdings, Inc. has a 12 month low of $4.40 and a 12 month high of $11.68.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. On average, equities analysts expect that Clear Channel Outdoor Holdings, Inc. will post ($0.02) earnings per share for the current fiscal year.

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 (NYSE:CCO), 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 103,000 display structures with operations in 45 markets in the United States. In the International segment, the Company operates more than 540,000 displays across 26 countries.

12 Month Chart for NYSE:CCO

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