Analysts Set Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) PT at $2.32

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.3167.

A number of research firms recently commented on CCO. Citigroup lifted their target price on Clear Channel Outdoor from $1.35 to $2.10 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. UBS Group set a $2.50 price target on shares of Clear Channel Outdoor in a research note on Thursday, September 25th. Wells Fargo & Company increased their price target on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clear Channel Outdoor in a report on Monday, November 17th. Finally, Cowen reaffirmed a “buy” rating on shares of Clear Channel Outdoor in a research report on Monday, October 20th.

Insider Activity at Clear Channel Outdoor

In other news, major shareholder Ares Management Llc sold 13,000,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total value of $14,690,000.00. Following the completion of the sale, the insider directly owned 41,197,491 shares of the company’s stock, valued at approximately $46,553,164.83. This represents a 23.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Clear Channel Outdoor during the 2nd quarter worth $579,000. Catalyst Funds Management Pty Ltd acquired a new position in Clear Channel Outdoor during the second quarter worth approximately $218,000. Anson Funds Management LP raised its holdings in shares of Clear Channel Outdoor by 7.8% in the 1st quarter. Anson Funds Management LP now owns 18,076,186 shares of the business services provider’s stock worth $20,065,000 after purchasing an additional 1,310,680 shares during the period. Russell Investments Group Ltd. boosted its position in Clear Channel Outdoor by 28.6% during the 1st quarter. Russell Investments Group Ltd. now owns 546,947 shares of the business services provider’s stock worth $607,000 after purchasing an additional 121,578 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Clear Channel Outdoor by 9.5% during the 1st quarter. Swiss National Bank now owns 473,800 shares of the business services provider’s stock valued at $526,000 after buying an additional 41,000 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.

Clear Channel Outdoor Price Performance

CCO opened at $1.87 on Friday. The business’s 50-day moving average is $1.67 and its two-hundred day moving average is $1.35. The firm has a market capitalization of $927.47 million, a PE ratio of 46.64 and a beta of 2.63. Clear Channel Outdoor has a 1 year low of $0.81 and a 1 year high of $2.03.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $405.64 million during the quarter, compared to analyst estimates of $402.03 million. Clear Channel Outdoor has set its Q4 2025 guidance at EPS.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.