Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Receives $2.18 Average PT from Analysts

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $2.33.

CCO has been the subject of a number of analyst reports. UBS Group set a $2.50 price objective on shares of Clear Channel Outdoor in a research report on Thursday, September 25th. Morgan Stanley set a $1.75 price target on Clear Channel Outdoor in a research note on Wednesday, September 10th. Zacks Research upgraded Clear Channel Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Barrington Research restated a “market perform” rating on shares of Clear Channel Outdoor in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clear Channel Outdoor in a research report on Wednesday, October 8th.

Clear Channel Outdoor Price Performance

Shares of CCO opened at $1.82 on Tuesday. Clear Channel Outdoor has a 12 month low of $0.81 and a 12 month high of $2.03. The stock’s 50-day moving average is $1.48 and its two-hundred day moving average is $1.24. The stock has a market cap of $902.07 million, a PE ratio of 45.39 and a beta of 2.64.

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

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Ares Management Llc sold 13,000,000 shares of the firm’s 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 transaction, the insider directly owned 41,197,491 shares of the company’s stock, valued at $46,553,164.83. This trade represents a 23.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clear Channel Outdoor

A number of hedge funds have recently bought and sold shares of CCO. Sanders Morris Harris LLC bought a new stake in Clear Channel Outdoor in the third quarter valued at about $25,000. CWM LLC grew its position in shares of Clear Channel Outdoor by 97.9% in the 3rd quarter. CWM LLC now owns 16,675 shares of the business services provider’s stock worth $26,000 after acquiring an additional 8,248 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Clear Channel Outdoor in the 1st quarter valued at approximately $31,000. Burney Co. acquired a new stake in shares of Clear Channel Outdoor during the 3rd quarter valued at approximately $32,000. Finally, Teacher Retirement System of Texas bought a new position in Clear Channel Outdoor during the first quarter worth $39,000. 85.52% of the stock is currently owned by institutional investors and hedge funds.

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.