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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:06 EDTCCOClear Channel Outdoor reports Q4 EPS (42c), may not compare to consensus 4c
Reports Q4 revenue $803.2M, consensus $803.61M. 2011. Q4 results included a $221M pre-tax loss on extinguishment of debt related to refinancing activities.
News For CCO From The Last 14 Days
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December 11, 2014
10:13 EDTCCOOn The Fly: Analyst Upgrade Summary
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05:35 EDTCCOClear Channel Outdoor upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Clear Channel Outdoor to Outperform after press reports suggested JC Decaux may be interested in purchasing the company's European assets. Wells sees a "tremendous amount of optionality" should CCO sell its European assets, including a potential conversion into a REIT, or real estate investment trust. Wells raised its price target range for CCO shares to $10-$15 from $6-$8. Shares of the billboard operator closed yesterday down 13c to $8.29.
December 8, 2014
17:40 EDTCCOClear Channel Airports signs 10-year ClearVision deal with ClearTV Media
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