TSC Ratings' Updates: Clear Channel Outdoor Holdings

Outdoor advertising company Clear Channel Outdoor Holdings(CCO Quote - Cramer on CCO - Stock Picks) has been downgraded to sell. Compared to a year ago, the stock share price has done very poorly, falling 56% despite market rallies. Net operating cash flow has decreased by 36% compared to the same quarter a year ago, and debt-to-equity ratio is a worse-than-average 1.21. The company has reported increased earnings per share in the most-recent quarter; however, analysts predict underperformance in the coming year. Clear Channel Outdoor had been rated hold since August 15, 2007.

Fuel Tech(FTEK Quote - Cramer on FTEK - Stock Picks), which provides engineering solutions for solid waste systems, has been downgraded to hold. Revenue growth was higher than the industry average, with revenue increasing by 26% compared with the same quarter one year prior. Return on equity has slightly decreased from one year ago, implying a minor weakness in the organization. Debt-to-equity ratio, however, is very low at 0.03 and shows a successful management of debt levels. Fuel Tech had been rated buy since March 26.

Worldwide financial holding corporation JPMorgan Chase(JPM Quote - Cramer on JPM - Stock Picks) has been downgraded to hold. Net operating cash flow has increased by 95% from the same quarter last year, slightly beating the industry average. Gross profit margin is also strong at 46%. Current return on equity has slightly decreased from last year, showing a minor weakness in the company. At 3.80, the debt-to-equity ratio is very high, implying a poor management of debt levels within the company. JPMorgan had been rated buy since April 17.

Merchandise and food store brand Target(TGT Quote - Cramer on TGT - Stock Picks) has been downgraded to hold. Since the same quarter one year ago, revenues increased by 5% but did not beat the industry average. Return on equity has also increased slightly compared to the same quarter last year. Gross profit margin is 33%, which is lower than desirable but still an increase from last year. Over the past 12 months, however, the stock has fallen 37% and underperformed the S&P 500 Index. Target had been rated buy since ratings were initiated on July 14, 2006.

« Previous Page

1 2 3

Next Page »