Seeking Alpha reports that Wolfe Research’s Marci Ryvicker has downgraded Clear Channel Outdoor from Outperform to Sector Perform, saying a potential asset sale “is likely to take more time than we had anticipated.”

Insider’s take:  Debt/cashflow is 8.0.  A sustainable level of debt/cashflow is 4.0.  Internal cashflow growth won’t be enough.  A sale of Clear Channel international makes sense.  There are no synergies between the domestic and international operations.

Community Impact reports that San Antonio area valedictorians are being honored on Clear Channel Outdoor digital billboards in San Antonio, Texas.    Are you using your excess digital billboard space to celebrate the achievements of local students?

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