Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Receives Average Rating of “Hold” from Analysts

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has earned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $2.12.

A number of research analysts recently commented on CCO shares. TD Cowen increased their target price on shares of Clear Channel Outdoor from $1.60 to $2.50 and gave the company a “buy” rating in a research report on Thursday, September 25th. UBS Group set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Thursday, September 25th. Citigroup increased their target price on shares of Clear Channel Outdoor from $1.25 to $1.35 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Morgan Stanley set a $1.75 target price on shares of Clear Channel Outdoor in a research report on Wednesday, September 10th. Finally, Cowen reaffirmed a “buy” rating on shares of Clear Channel Outdoor in a research report on Thursday, September 25th.

Insiders Place Their Bets

In related news, major shareholder Ares Management Llc sold 13,000,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total transaction of $14,690,000.00. Following the completion of the sale, the insider owned 41,197,491 shares in the company, valued at $46,553,164.83. This represents a 23.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Arturo R. Moreno purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $1.07 per share, with a total value of $1,070,000.00. Following the purchase, the insider owned 65,612,859 shares in the company, valued at $70,205,759.13. This trade represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,478,507 shares of company stock valued at $1,591,573. 7.20% of the stock is owned by company insiders.

Institutional Trading of Clear Channel Outdoor

Several hedge funds have recently made changes to their positions in CCO. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Clear Channel Outdoor in the 2nd quarter worth $3,510,000. Readystate Asset Management LP lifted its stake in shares of Clear Channel Outdoor by 37.9% in the 1st quarter. Readystate Asset Management LP now owns 6,267,547 shares of the business services provider’s stock worth $6,957,000 after acquiring an additional 1,723,417 shares during the period. Jane Street Group LLC lifted its stake in shares of Clear Channel Outdoor by 252.5% in the 2nd quarter. Jane Street Group LLC now owns 2,347,451 shares of the business services provider’s stock worth $2,747,000 after acquiring an additional 1,681,454 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Clear Channel Outdoor in the 2nd quarter worth $1,861,000. Finally, Nuveen LLC acquired a new stake in shares of Clear Channel Outdoor in the 1st quarter worth $1,612,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Trading Down 3.7%

Clear Channel Outdoor stock opened at $1.43 on Friday. The stock has a market cap of $708.24 million, a P/E ratio of 35.63 and a beta of 2.64. The company has a fifty day simple moving average of $1.29 and a 200-day simple moving average of $1.17. Clear Channel Outdoor has a 12-month low of $0.81 and a 12-month high of $1.69.

Clear Channel Outdoor (NYSE:CCO) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $402.81 million for the quarter, compared to analysts’ expectations of $397.37 million. Clear Channel Outdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Clear Channel Outdoor Company Profile

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.