Clear Channel Outdoor Rises On Unusually High Volume (CCO)

NEW YORK ( TheStreet) -- Clear Channel Outdoor Holdings (NYSE: CCO) is trading at unusually high volume Thursday with 713,942 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.26 (+9.5%) at $14.49 as of 11:30 a.m. ET.

Clear Channel Outdoor has a market cap of $520.1 million and is part of the services sector and media industry. Shares are up 5.7% year to date as of the close of trading on Wednesday.

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, together with its subsidiaries, engages in the ownership and operation of advertising display faces primarily in the United States, Canada, Latin America, Asia, Australia, and Europe. The company has a P/E ratio of 118.5, below the average media industry P/E ratio of 211.5 and above the S&P 500 P/E ratio of 17.7.

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 a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Clear Channel Outdoor Ratings Report.

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