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

Rating:
Outperform
CCO
down 31.29 %

Clear Channel Outdoor Holdings, Inc. (CCO) upgraded to Outperform with price target $13.50 by Wedbush Morgan

Posted on: Friday,  Mar 12, 2010  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) on 03/12/2010, when the stock price was $11.44.
Since then, Clear Channel Outdoor Holdings, Inc. has lost 31.29% as of 11/06/2015's recent price of $7.86.
If you would have followed this Wedbush Morgan's recommendation on CCO, you would have lost 31.29% of your investment in 2065 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/12/2010 9:25 AM Buy
None
11.44 13.50
as of 12/31/2010
1 Week down  -0.28 %
1 Month up  1.16 %
3 Months up  21.60 %
1 YTD up  21.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/18/2010 8:25 AM Hold
None
11.06 13.00
1/15/2010 9:25 AM Hold
None
11.45 13.00
12/18/2009 10:25 AM Hold
None
10.90 11.50
6/2/2009 3:25 PM Buy
None
5.29 6.00
3/3/2009 9:25 AM Hold
None
2.69 2.75
2/23/2009 9:25 AM Hold
None
3.23 4.50
1/9/2009 9:25 AM Hold
None
6.85 6.50

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