Gabelli Has Buy on Clear Channel Outdoor

By Jonathan Chen
Benzinga Staff Writer
November 01, 2011 8:53 AM

Symbols: CCO

Posted in: Analyst Color, Price Target, Analyst Ratings

Gabelli & Co. is out with a research report on Clear Channel Outdoor (NYSE: CCO) and it has a Buy rating on shares.

In a note to clients, Gabelli & Co. writes, "Results were generally in-line with expectations. Weak Americas margins were offset by strong International organic growth and margin expansion. Pacings for Q4 were weak: Americas pacing flat, International +2%."

Shares of CCO lost 21 cents yesterday to close at $11.00.

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Gabelli Has Buy on Clear Channel Outdoor

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