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

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

A number of brokerages have recently issued reports on CCO. Wall Street Zen cut Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group set a $2.50 target price on Clear Channel Outdoor in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clear Channel Outdoor in a research note on Monday. Zacks Research downgraded Clear Channel Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Wells Fargo & Company increased their price objective on 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.

Insiders Place Their Bets

In other Clear Channel Outdoor 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 of the company’s stock, valued at $46,553,164.83. This represents a 23.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Clear Channel Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of CCO. Barclays PLC grew its stake in shares of Clear Channel Outdoor by 3,017.0% in the third quarter. Barclays PLC now owns 4,109,743 shares of the business services provider’s stock worth $6,493,000 after purchasing an additional 3,977,895 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Clear Channel Outdoor in the 2nd quarter worth approximately $3,510,000. EVR Research LP purchased a new stake in Clear Channel Outdoor in the 3rd quarter worth approximately $3,950,000. Dark Forest Capital Management LP bought a new stake in shares of Clear Channel Outdoor in the 3rd quarter worth approximately $3,613,000. Finally, Susquehanna Advisors Group Inc. purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at approximately $3,020,000. 85.52% of the stock is owned by institutional investors.

Clear Channel Outdoor Trading Up 5.5%

Shares of CCO traded up $0.10 during mid-day trading on Friday, reaching $1.82. The company’s stock had a trading volume of 1,615,920 shares, compared to its average volume of 2,763,667. The stock has a market cap of $902.61 million, a PE ratio of 45.39 and a beta of 2.63. Clear Channel Outdoor has a 52 week low of $0.81 and a 52 week high of $2.03. The company’s fifty day moving average price is $1.66 and its two-hundred day moving average price is $1.34.

Clear Channel Outdoor (NYSE:CCO) last released its earnings results on Thursday, November 6th. The business services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $405.64 million for the quarter, compared to the consensus estimate 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.