Clear Channel Outdoor Stock Hits New 52-Week Low (CCO)

NEW YORK ( TheStreet) -- Clear Channel Outdoor Holdings (NYSE: CCO) hit a new 52-week low Monday as it is currently trading at $7.33, below its previous 52-week low of $7.34 with 102,941 shares traded as of 1:49 p.m. ET. Average volume has been 492,200 shares over the past 30 days.

Clear Channel Outdoor has a market cap of $328.4 million and is part of the services sector and media industry. Shares are down 40.6% year to date as of the close of trading on Friday.

Clear Channel Outdoor Holdings, Inc., an outdoor advertising company, together with its subsidiaries, owns and operates advertising display faces primarily in the United States, Canada, Latin America, Asia, Australia, and Europe. The company has a P/E ratio of 67.7, below the average media industry P/E ratio of 72.7 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 compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Clear Channel Outdoor Ratings Report.

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