Clear Channel Outdoor (NYSE:CCO) Reaches New 12-Month Low - Should You Sell?

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

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and issued a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Monday, February 24th.

Clear Channel Outdoor Trading Up 0.5 %

The company has a market cap of $546.41 million, a PE ratio of -3.84 and a beta of 3.05. The stock has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.45.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new position in shares of Clear Channel Outdoor during the 4th quarter worth $36,000. Cibc World Markets Corp acquired a new position in Clear Channel Outdoor during the fourth quarter worth about $45,000. KLP Kapitalforvaltning AS purchased a new position in Clear Channel Outdoor in the fourth quarter valued at about $53,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Clear Channel Outdoor during the 3rd quarter worth approximately $65,000. Finally, Jacksonville Wealth Management LLC acquired a new stake in Clear Channel Outdoor in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 85.52% of the company's stock.

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About Clear Channel Outdoor

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.