
Clear Channel Outdoor (NYSE: CCO) has received an updated price target of $2.80 from TD Cowen, reflecting an increase from the previous target of $2.50. This adjustment was detailed in a research report circulated to investors on Monday, signaling a continued confidence in the business services provider’s stock, which currently holds a buy rating from the firm.
Several other financial institutions have also assessed Clear Channel Outdoor recently. On September 11, Citigroup raised its target from $1.25 to $1.35, maintaining a “neutral” rating. Zacks Research upgraded the stock from a “hold” to a “strong-buy” rating on October 15. Meanwhile, Morgan Stanley set a target of $1.75 on September 10. Overall, the stock has garnered a mix of ratings, with one analyst assigning a “strong buy,” two giving a “buy,” two marking it as a “hold,” and two issuing a “sell” rating. According to MarketBeat, the average rating for the stock stands at “hold” with a consensus target price of $2.18.
Clear Channel Outdoor’s Stock Performance
As of Monday, shares of Clear Channel Outdoor opened at $1.88. The stock has experienced a one-year low of $0.81 and a high of $1.95. The fifty-day moving average is currently $1.36, while the 200-day moving average stands at $1.19. The company boasts a market capitalization of $931.90 million, a price-to-earnings ratio of 46.89, and a beta value of 2.64.
In its most recent earnings announcement on August 5, Clear Channel Outdoor reported an earnings per share (EPS) of (0.04), which matched analyst estimates. The company generated revenue of $402.81 million, surpassing expectations set at $397.37 million. Looking ahead, Clear Channel Outdoor has provided guidance for Q3 2025, projecting an EPS that aligns with analyst forecasts.
Insider Transactions and Institutional Activity
In related developments, significant insider activity has been reported at Clear Channel Outdoor. On September 10, Ares Management LLC, a major shareholder, sold 13 million shares at an average price of $1.13, resulting in total proceeds of $14.69 million. Following this sale, Ares Management holds 41,197,491 shares, valued at approximately $46.55 million, indicating a 23.99% reduction in ownership.
Conversely, another major shareholder, Arturo R. Moreno, purchased 1 million shares on July 31 at an average price of $1.07, totaling $1.07 million. This acquisition raised his stake to 65,612,859 shares, valued at about $70.21 million, marking a 1.55% increase in his position.
Institutional investors continue to play a significant role in Clear Channel Outdoor’s stock dynamics, with 85.52% of the shares currently held by institutional investors and hedge funds. Among the recent movements, OCONNOR A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position valued at $3.51 million in the second quarter, while Readystate Asset Management LP increased its stake by 37.9% in the first quarter.
Clear Channel Outdoor operates as an out-of-home advertising company across the United States, Europe, and other international markets. The organization offers a diverse range of advertising services, including billboards, street furniture displays, and transit advertisements, among others. As the company navigates a shifting advertising landscape, these latest developments reflect both investor confidence and the challenges ahead.