Clear Channel Outdoor (NYSE:CCO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.27 and traded as high as $2.0197. Clear Channel Outdoor shares last traded at $1.7850, with a volume of 3,045,417 shares trading hands.

Analysts Set New Price Targets

CCO has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Clear Channel Outdoor from $1.35 to $2.10 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $1.75 price objective on Clear Channel Outdoor in a research report on Wednesday, September 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Clear Channel Outdoor in a research note on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Clear Channel Outdoor in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Clear Channel Outdoor has an average rating of “Hold” and a consensus price target of $2.33.

Clear Channel Outdoor Trading Up 5.3%

The company has a market capitalization of $931.90 million, a PE ratio of 46.89 and a beta of 2.63. The business’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.28.

Clear Channel Outdoor (NYSE:CCO) last posted its earnings results on Thursday, November 6th. The business services provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $405.64 million during the quarter, compared to the consensus estimate of $402.03 million. Clear Channel Outdoor has set its Q4 2025 guidance at EPS.

Insider Activity

In other news, major shareholder Ares Management Llc sold 13,000,000 shares of Clear Channel Outdoor stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total value of $14,690,000.00. Following the completion of the sale, the insider directly owned 41,197,491 shares in the company, valued at $46,553,164.83. The trade was a 23.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clear Channel Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanders Morris Harris LLC purchased a new stake in Clear Channel Outdoor during the third quarter valued at approximately $25,000. CWM LLC increased its stake in shares of Clear Channel Outdoor by 97.9% in the 3rd quarter. CWM LLC now owns 16,675 shares of the business services provider’s stock worth $26,000 after purchasing an additional 8,248 shares in the last quarter. EntryPoint Capital LLC bought a new position in Clear Channel Outdoor in the 1st quarter worth $31,000. Burney Co. purchased a new position in Clear Channel Outdoor during the third quarter valued at $32,000. Finally, Advisors Capital Management LLC lifted its position in Clear Channel Outdoor by 91.7% during the third quarter. Advisors Capital Management LLC now owns 23,000 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 11,000 shares in the last quarter. Hedge funds and other 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.