Brokerages Set Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Target Price at $2.31

Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $2.3060.

Several analysts have commented on CCO shares. Zacks Research downgraded shares of Clear Channel Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Wells Fargo & Company raised their price target on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the company an “equal weight” rating in a report on Friday, February 27th. TD Cowen set a $2.50 price objective on shares of Clear Channel Outdoor in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clear Channel Outdoor in a research report on Monday, December 29th. Finally, Morgan Stanley set a $2.00 target price on Clear Channel Outdoor in a report on Monday, November 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in Clear Channel Outdoor in the 4th quarter worth approximately $27,000. EntryPoint Capital LLC bought a new stake in Clear Channel Outdoor during the fourth quarter worth approximately $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Clear Channel Outdoor during the fourth quarter worth approximately $31,000. Sargent Investment Group LLC acquired a new position in Clear Channel Outdoor during the fourth quarter valued at approximately $33,000. Finally, Sanders Morris Harris LLC bought a new position in shares of Clear Channel Outdoor in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

Clear Channel Outdoor Price Performance

CCO opened at $2.38 on Monday. The company has a market capitalization of $1.18 billion, a PE ratio of 47.61 and a beta of 2.30. Clear Channel Outdoor has a fifty-two week low of $0.81 and a fifty-two week high of $2.43. The business has a 50-day moving average of $2.22 and a 200-day moving average of $1.88.

Clear Channel Outdoor (NYSE:CCO) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $461.52 million during the quarter, compared to the consensus estimate of $449.10 million.

Clear Channel Outdoor Company Profile

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.