Clear Channel Outdoor Holdings Inc. [NYSE: CCO] closed the trading session at $1.63.
The stocks have a year to date performance of -10.44 percent and weekly performance of 5.16 percent. The stock has been moved at -4.12 percent over the last six months. The stock has performed 15.60 percent around the most recent 30 days and changed 16.43 percent over the most recent 3-months.
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If compared to the average trading volume of 1.89M shares, CCO reached to a volume of 2515200 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $2.25 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 2.33. 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 Overweight, with their previous recommendation back on December 20, 2023. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $4 to $1.50. The new note on the price target was released on July 08, 2022, representing the official price target for Clear Channel Outdoor Holdings Inc. stock. Previously, the target price had yet another raise to $5, while Barrington Research analysts kept a Outperform rating on CCO stock.
The Average True Range (ATR) for Clear Channel Outdoor Holdings Inc. is set at 0.08, with the Price to Sales ratio for CCO stock in the period of the last 12 months amounting to 0.36.
CCO stock trade performance evaluation
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 5.16. With this latest performance, CCO shares gained by 15.60% in over the last four-week period, additionally sinking by -4.12% over the last 6 months – not to mention a rise of 14.79% 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 61.49, with the RSI for the last a single of trading hit 66.88, and the three-weeks RSI is set at 58.19 for Clear Channel Outdoor Holdings Inc. [CCO]. The present Moving Average for the last 50 days of trading for this stock 1.5442, while it was recorded at 1.5540 for the last single week of trading, and 1.5839 for the last 200 days.
Clear Channel Outdoor Holdings Inc. [CCO]: An insightful look at the core fundamentals
Clear Channel Outdoor Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.02.
Earnings per share (EPS) analysis for Clear Channel Outdoor Holdings Inc. [CCO] stock
With the latest financial reports released by the company, Clear Channel Outdoor Holdings Inc. posted -0.55/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.47. 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]: Institutional Ownership
There are presently around $85.65%, or 102.13%% 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 104.86 million shares, which is approximately 21.6778%. ARES MANAGEMENT LLC, holding 55.83 million shares of the stock with an approximate value of $$78.72 million in CCO stocks shares; and ARES MANAGEMENT LLC, currently with $$49.07 million in CCO stock with ownership which is approximately 7.195%.
