Barrington Research Reiterates Market Perform Rating on Clear Channel (CCO)

Barrington Research analyst James Goss reiterated a Market Perform rating and on Clear Channel (NYSE: CCO) noting that the company's greatest challenges are in Transit and International.

The analyst stated "The company is undertaking a restructuring of its international operations, reducing headcount and overall operating expenses, providing roughly $32 million in annual cost savings. Negotiations with landlords resulting in rent abatements were also important to maintaining liquidity. The company expects Q1 revenue to decline at a similar pace as in Q4, in part owning to the robust growth in
Q1/20 (+8.5%)."

For an analyst ratings summary and ratings history on Clear Channel click here. For more ratings news on Clear Channel click here.

Shares of Clear Channel closed at $1.90 yesterday.

You May Also Be Interested In

• William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
• Broadridge Financial (BR) PT Raised to $180 at UBS, Neutral Rating Maintained
• Securitize Corp (SECZ) PT Lowered to $10 at Benchmark as Stock Plummets Post Q2 Earnings