Clear Channel Outdoor Stock Gaps Up On Today's Open (CCO)

NEW YORK ( TheStreet) -- Shares of Clear Channel Outdoor Holdings (NYSE: CCO) were gapping up Wednesday morning with an open price 11.4% higher than Tuesday's closing price. The stock closed at $10.76 Tuesday and opened today's trading at $11.99.

The average volume for Clear Channel Outdoor has been 164,800 shares per day over the past 30 days. Clear Channel Outdoor has a market cap of $475 million and is part of the services sector and media industry. Shares are down 23.4% year to date as of the close of trading on Tuesday.

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, owns and operates advertising display faces worldwide.

TheStreet Ratings rates Clear Channel Outdoor as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally poor debt management. You can view the full Clear Channel Outdoor Ratings Report.

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