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Enter Symbol:
 
Clear Channel Outdoor Holdings, Inc. (CCO) [hlAlert]

Rating:
Below Average
CCO
down 38.88 %

Clear Channel Outdoor Holdings, Inc. (CCO) downgraded to Below Average by Caris & Company

Posted on: Monday,  Jul 16, 2012  9:25 AM ET by Caris & Company

Caris & Company rated Below Average Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) on 07/16/2012. Previously Caris & Company rated Above Average Clear Channel Outdoor Holdings,
Inc. (NYSE: CCO) on 03/20/2012., when the stock price was $7.92. Since then, Clear Channel Outdoor Holdings, Inc. has lost 38.89% as of 07/16/2012's recent price of $4.84.
If you would have followed the previous Caris & Company's recommendation on CCO, you would have lost 38.88% of your investment in 118 days.

Clear Channel Outdoor Holdings, Inc. provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes, spectaculars, neons and mall displays. The segments of the Company include Americas and International. During the year ended December 31, 2008, the Company owned or operated approximately 908,000 advertising displays globally. On July 30, 2008, Clear Channel Communications completed its merger with a subsidiary of CC Media Holdings, Inc., or CC Media Holdings, a company formed by a group of private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. Clear Channel Communications is owned indirectly by CC Media Holdings.

Caris & Company, an investment bank created by a diverse group of leading Wall Street professionals. We are founded on the basic principle that Wall Street requires a different type of organization: One that offers objective, conflict-free research, acute focus on customer service, broad institutional coverage, and an unwavering commitment to increasing the value of our clients' portfolios. Quite simply, our goal is to generate solid investment ideas for our clients. We offer a unique, differentiated, conflict-free research perspective on large, mid, and small capitalization companies in four growth oriented verticals: Health Care, Technology, Energy, and Consumer.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2012 9:25 AM Sell
None
4.84
as of 12/31/2012
1 Week down  -0.14 %
1 Month down  -8.00 %
3 Months down  -17.39 %
1 YTD down  -106.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/20/2012 9:25 AM Buy
None
7.92 11.00
3/18/2011 10:25 AM Buy
None
13.85
5/11/2010 9:25 AM Buy
None
11.18 14.00
12/15/2009 9:25 AM Hold
None
9.72 10.00
10/12/2009 9:25 AM Buy
None
8.80 10.00
8/31/2009 8:25 AM Buy
None
7.24 9.00
7/7/2009 9:25 AM Hold
None
4.71 4.00
3/18/2009 9:25 AM Sell
None
2.36 2.00
2/27/2009 9:25 AM Sell
None
3.08 3.00
11/10/2008 11:25 AM Sell
None
4.78 4.00
7/22/2008 8:25 AM Sell
None
14.09 12.00

(*) Stock Price at the time of the recommendation.
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