Market cap of Clear Channel Outdoor Holdings Inc. [CCO] reaches 597.28M – now what?

Clear Channel Outdoor Holdings Inc. [NYSE: CCO] slipped around 0.0 points on Wednesday, while shares priced at $1.33 at the close of the session, down 0.00%. The company report on January 17, 2023 that Clear Channel Outdoor Continues Digital Media Transformation of Port Authority of New York and New Jersey airports at Newark Liberty International Airport.

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Clear Channel Outdoor Holdings Inc. stock is now 26.67% up from its year-to-date (YTD) trading value. CCO Stock saw the intraday high of $1.46 and lowest of $1.32 per share. The company’s 52-week high price is 4.10, which means current price is +32.34% above from all time high which was touched on 01/18/23.

Compared to the average trading volume of 2.03M shares, CCO reached a trading volume of 4784961 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 0.24.

How has CCO stock performed recently?

Clear Channel Outdoor Holdings Inc. [CCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.26. With this latest performance, CCO shares gained by 24.30% in over the last four-week period, additionally plugging by 4.72% over the last 6 months – not to mention a drop of -59.20% 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 62.13, with the RSI for the last a single of trading hit 65.00, and the three-weeks RSI is set at 58.22 for Clear Channel Outdoor Holdings Inc. [CCO]. The present Moving Average for the last 50 days of trading for this stock 1.1092, while it was recorded at 1.3560 for the last single week of trading, and 1.5972 for the last 200 days.

Clear Channel Outdoor Holdings Inc. [CCO]: Deeper insight into the fundamentals

Clear Channel Outdoor Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings analysis for Clear Channel Outdoor Holdings Inc. [CCO]

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%.

Insider trade positions for Clear Channel Outdoor Holdings Inc. [CCO]

There are presently around $630 million, 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 $63.37 million in CCO stocks shares; and VANGUARD GROUP INC, currently with $56.61 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 February and at the time of the February reporting period, where 76 institutional holders increased their position in Clear Channel Outdoor Holdings Inc. [NYSE:CCO] by around 33,859,400 shares. Additionally, 79 investors decreased positions by around 20,900,242 shares, while 44 investors held positions by with 418,798,759 shares. The mentioned changes placed institutional holdings at 473,558,401 shares, according to the latest SEC report filing. CCO stock had 20 new institutional investments in for a total of 1,540,247 shares, while 25 institutional investors sold positions of 2,311,902 shares during the same period.

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