Clear Channel Outdoor (NYSE:CCO) Stock Rating Reaffirmed by Barrington Research

Clear Channel Outdoor (NYSE:CCO)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $2.50 price target on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 60.77% from the company’s current price. Barrington Research also issued estimates for Clear Channel Outdoor’s Q4 2025 earnings at $0.06 EPS.

Several other equities analysts have also issued reports on CCO. Morgan Stanley boosted their target price on Clear Channel Outdoor from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. StockNews.com raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Clear Channel Outdoor has a consensus rating of “Hold” and an average target price of $2.16.

Clear Channel Outdoor Stock Up 1.0 %

Shares of NYSE CCO opened at $1.56 on Monday. Clear Channel Outdoor has a 12 month low of $1.04 and a 12 month high of $2.06. The company has a market cap of $752.18 million, a P/E ratio of -2.02 and a beta of 2.91. The business’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.60.

Clear Channel Outdoor (NYSE:CCO) last released its earnings results on Thursday, May 9th. The business services provider reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $481.75 million for the quarter, compared to analyst estimates of $480.69 million. During the same period last year, the business earned ($0.23) earnings per share. Sell-side analysts expect that Clear Channel Outdoor will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clear Channel Outdoor

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in Clear Channel Outdoor by 19.9% during the third quarter. SG Americas Securities LLC now owns 143,417 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 23,756 shares in the last quarter. Optas LLC purchased a new position in shares of Clear Channel Outdoor during the third quarter valued at approximately $27,000. Requisite Capital Management LLC bought a new position in shares of Clear Channel Outdoor during the third quarter valued at $316,000. Principal Financial Group Inc. raised its stake in Clear Channel Outdoor by 39.2% during the 3rd quarter. Principal Financial Group Inc. now owns 55,130 shares of the business services provider’s stock valued at $87,000 after buying an additional 15,511 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in Clear Channel Outdoor by 3,466.3% during the third quarter. Quantbot Technologies LP now owns 126,213 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 122,674 shares during the period. Institutional investors own 85.52% of the company’s stock.

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.