Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Analysts give CCO a "Reduce" consensus: seven analysts cover Clear Channel Outdoor (2 sell, 4 hold, 1 buy) with an average 1‑year target price of $2.3060.
• Recent results and share metrics: the company beat Q results (EPS $0.02 vs. $0.01 expected and revenue $461.5M vs. $449.1M), and the stock trades around $2.38 with a $1.18B market cap and a 1‑year range of $0.81–$2.43.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) has been given a consensus recommendation of "Reduce" by the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $2.3060.

A number of brokerages recently commented on CCO. Weiss Ratings reiterated a "sell (d-)" rating on shares of Clear Channel Outdoor in a research report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the stock an "equal weight" rating in a research report on Friday, February 27th. Finally, TD Cowen set a $2.50 price objective on shares of Clear Channel Outdoor in a research note on Tuesday, February 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ieq Capital LLC raised its holdings in Clear Channel Outdoor by 8.3% in the 4th quarter. Ieq Capital LLC now owns 58,889 shares of the business services provider's stock worth $130,000 after purchasing an additional 4,493 shares during the period. CWM LLC grew its holdings in Clear Channel Outdoor by 97.9% in the third quarter. CWM LLC now owns 16,675 shares of the business services provider's stock valued at $26,000 after purchasing an additional 8,248 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clear Channel Outdoor by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider's stock valued at $234,000 after buying an additional 8,976 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Clear Channel Outdoor by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 23,618 shares of the business services provider's stock worth $52,000 after buying an additional 9,019 shares during the period. Finally, Advisors Capital Management LLC raised its stake in shares of Clear Channel Outdoor by 91.7% during the 3rd quarter. Advisors Capital Management LLC now owns 23,000 shares of the business services provider's stock worth $36,000 after buying an additional 11,000 shares during the period. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Clear Channel Outdoor Price Performance

Shares of CCO stock opened at $2.38 on Friday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 47.51 and a beta of 2.30. The business has a fifty day moving average of $2.30 and a 200 day moving average of $1.98. Clear Channel Outdoor has a 1 year low of $0.81 and a 1 year high of $2.43.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $461.52 million for the quarter, compared to analysts' expectations of $449.10 million.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc NYSE: CCO is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company's portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.