Clear Channel Outdoor Holdings Inc. [NYSE: CCO] stock went on a downward path that fall over -0.98% on Thursday, amounting to a one-week price decrease of less than -5.61%. The company report on December 8, 2022 that Clear Channel Outdoor, No Kid Hungry Kick Off Holiday Campaign to Ensure Kids Have Access to Healthy Meals.
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Digital Out-of-Home Campaign Aims to Combat Child Hunger, Connect Families With Local Community Meals Programs This Holiday Season.
Clear Channel Outdoor Americas (CCOA) (NYSE:CCO) today announced it has teamed again with No Kid Hungry, the only national campaign dedicated to ending childhood hunger in America, to launch a digital out-of-home (DOOH) media campaign that connects kids to free, healthy meals in their local community during the holiday season.
Over the last 12 months, CCO stock dropped by -68.83%. The one-year Clear Channel Outdoor Holdings Inc. stock forecast points to a potential upside of 47.4. The average equity rating for CCO stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $472.01 million, with 475.12 million shares outstanding and 468.56 million shares in the current float. Compared to the average trading volume of 2.11M shares, CCO stock reached a trading volume of 2813882 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Clear Channel Outdoor Holdings Inc. [CCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCO shares is $1.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCO stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Clear Channel Outdoor Holdings Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 08, 2022. The new note on the price target was released on November 11, 2021, representing the official price target for Clear Channel Outdoor Holdings Inc. stock.
The Average True Range (ATR) for Clear Channel Outdoor Holdings Inc. is set at 0.10, with the Price to Sales ratio for CCO stock in the period of the last 12 months amounting to 0.19.
CCO Stock Performance Analysis:
Clear Channel Outdoor Holdings Inc. [CCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.61. With this latest performance, CCO shares dropped by -6.48% in over the last four-week period, additionally sinking by -30.34% over the last 6 months – not to mention a drop of -68.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCO stock in for the last two-week period is set at 40.02, with the RSI for the last a single of trading hit 39.75, and the three-weeks RSI is set at 40.65 for Clear Channel Outdoor Holdings Inc. [CCO]. The present Moving Average for the last 50 days of trading for this stock 1.3274, while it was recorded at 1.0300 for the last single week of trading, and 1.9252 for the last 200 days.
Insight into Clear Channel Outdoor Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Clear Channel Outdoor Holdings Inc. [CCO] shares currently have an operating margin of +6.69 and a Gross Margin at +32.86. Clear Channel Outdoor Holdings Inc.’s Net Margin is presently recorded at -19.36.
Clear Channel Outdoor Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
CCO Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clear Channel Outdoor Holdings Inc. go to 7.00%.
Clear Channel Outdoor Holdings Inc. [CCO] Insider Position Details
There are presently around $477 million, or 99.90% of CCO stock, in the hands of institutional investors. The top three institutional holders of CCO stocks are: ALLIANZ ASSET MANAGEMENT GMBH with ownership of 104,872,541, which is approximately 0% of the company’s market cap and around 0.90% of the total institutional ownership; ARES MANAGEMENT LLC, holding 47,649,626 shares of the stock with an approximate value of $48.13 million in CCO stocks shares; and VANGUARD GROUP INC, currently with $42.99 million in CCO stock with ownership of nearly 2.933% of the company’s market capitalization.
Positions in Clear Channel Outdoor Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 74 institutional holders increased their position in Clear Channel Outdoor Holdings Inc. [NYSE:CCO] by around 32,947,560 shares. Additionally, 81 investors decreased positions by around 23,175,543 shares, while 44 investors held positions by with 415,879,934 shares. The mentioned changes placed institutional holdings at 472,003,037 shares, according to the latest SEC report filing. CCO stock had 19 new institutional investments in for a total of 1,536,363 shares, while 25 institutional investors sold positions of 2,311,902 shares during the same period.