Clear Channel Outdoor (NYSE:CCO) Sets New 52-Week Low – Time to Sell?

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) reached a new 52-week low during trading on Friday . The company traded as low as $1.09 and last traded at $1.11, with a volume of 97802 shares changing hands. The stock had previously closed at $1.12.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research note on Monday, February 24th.

Clear Channel Outdoor Trading Down 0.4 %

The firm has a market cap of $546.41 million, a P/E ratio of -3.84 and a beta of 3.05. The company has a fifty day moving average price of $1.31 and a two-hundred day moving average price of $1.46.

Institutional Investors Weigh In On Clear Channel Outdoor

Several institutional investors have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. acquired a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at approximately $36,000. Cibc World Markets Corp acquired a new stake in Clear Channel Outdoor in the 4th quarter valued at about $45,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at approximately $53,000. Jacksonville Wealth Management LLC bought a new position in shares of Clear Channel Outdoor during the 4th quarter worth approximately $62,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $65,000. 85.52% of the stock is owned by institutional investors.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.