Clear Channel Outdoor (NYSE:CCO) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Clear Channel Outdoor received a "sell (D+)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Citi and TD Cowen adjusted their price targets for the stock, with TD Cowen increasing their target from $1.60 to $2.50 and maintaining a "buy" rating.
• Insiders have been active, with major shareholder Arturo R. Moreno acquiring 1 million shares, while Ares Management LLC sold 13 million shares, reflecting significant changes in ownership.

Clear Channel Outdoor (NYSE:CCO - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on the stock. Citigroup lifted their price target on shares of Clear Channel Outdoor from $1.25 to $1.35 and gave the company a "neutral" rating in a research note on Thursday, September 11th. TD Cowen boosted their target price on shares of Clear Channel Outdoor from $1.60 to $2.50 and gave the stock a "buy" rating in a report on Thursday, September 25th. Cowen restated a "buy" rating on shares of Clear Channel Outdoor in a report on Thursday, September 25th. Morgan Stanley set a $1.75 price objective on shares of Clear Channel Outdoor in a report on Wednesday, September 10th. Finally, UBS Group set a $2.50 price objective on shares of Clear Channel Outdoor in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Clear Channel Outdoor currently has an average rating of "Hold" and an average price target of $2.12.

Clear Channel Outdoor Trading Up 0.7%

CCO stock traded up $0.01 during trading on Wednesday, hitting $1.44. 1,212,724 shares of the stock traded hands, compared to its average volume of 4,110,961. Clear Channel Outdoor has a one year low of $0.81 and a one year high of $1.69. The stock has a market cap of $715.70 million, a price-to-earnings ratio of 36.01 and a beta of 2.64. The company has a 50 day simple moving average of $1.30 and a 200 day simple moving average of $1.17.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $402.81 million during 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 Activity at Clear Channel Outdoor

In other news, major shareholder Arturo R. Moreno bought 1,000,000 shares of the business's stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $1.07 per share, with a total value of $1,070,000.00. Following the completion of the purchase, the insider directly owned 65,612,859 shares in the company, valued at $70,205,759.13. This represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ares Management Llc sold 13,000,000 shares of Clear Channel Outdoor stock in a transaction on Wednesday, September 10th. The stock was 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 in the company, valued at approximately $46,553,164.83. The trade was a 23.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,478,507 shares of company stock valued at $1,591,573. 7.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Clear Channel Outdoor

Several institutional investors have recently modified their holdings of the business. Sanders Morris Harris LLC bought a new position in Clear Channel Outdoor in the third quarter valued at about $25,000. EntryPoint Capital LLC bought a new position in Clear Channel Outdoor in the first quarter valued at about $31,000. Teacher Retirement System of Texas bought a new position in Clear Channel Outdoor in the first quarter valued at about $39,000. Diversify Wealth Management LLC bought a new position in Clear Channel Outdoor in the second quarter valued at about $111,000. Finally, XTX Topco Ltd lifted its holdings in Clear Channel Outdoor by 20.7% in the first quarter. XTX Topco Ltd now owns 100,929 shares of the business services provider's stock valued at $112,000 after acquiring an additional 17,292 shares during the period. 85.52% of the stock is owned by hedge funds and other institutional investors.

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.

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