Strength Seen in Clear Channel Outdoor (CCO): Stock Soars 15.3% - Tale of the Tape

By Zacks Equity Research,

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Clear Channel Outdoor Holdings Inc. ( CCO ) was a big mover last session, as the company saw its shares rise over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.59 and $9.23 in the past one-month time frame.

The company has seen 4 positive revisions in the past month, while its Zacks Consensus Estimate moved marginally higher over the same time frame, suggesting that more solid trading could be ahead for Clear Channel. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Clear Channel currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better ranked stocks from the broader business services sector include Broadridge Financial Solutions, Inc. ( BR ), Booz Allen Hamilton Holding Corporation ( BAH ) and Barrett Business Services Inc. ( BBSI ). While Broadridge Financial holds a Zacks Rank #1 (Strong Buy), both Booz Allen and Barrett Business Services carry a Zacks Rank #2 (Buy).

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BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report

BARRETT BUS SVS (BBSI): Free Stock Analysis Report

BROADRIDGE FINL (BR): Free Stock Analysis Report

CLEAR CHANL OUT (CCO): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: BAH , BBSI , BR , CCO

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