On Wednesday, shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) marked $0.97 per share versus a previous $1.08 closing price. With having a -9.89% loss, an insight into the fundamental values of Clear Channel Outdoor Holdings, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. CCO showed a fall of -65.97% within its YTD performance, with highs and lows between $0.36 – $3.10 during the period of 52 weeks, compared to the simple moving average of -29.26% in the period of the last 200 days.
Citigroup equity researchers changed the status of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) shares from “Neutral” to a “Buy” rating in the report published on June 24th, 2020. Other analysts, including Barrington Research, also published their reports on CCO shares. Barrington Research repeated the rating from the previous report, marking CCO under “Mkt Perform” rating, in the report published on April 1st, 2020. Additionally, CCO shares got another “Neutral” rating from JP Morgan. On the other hand, Cowen Initiated the “Outperform” rating for CCO shares, as published in the report on September 4th, 2019. Citigroup seems to be going bullish on the price of CCO shares, based on the price prediction for CCO, indicating that the shares will jump to $2.70, giving the shares “Neutral” rating based on their report from September 4th, 2019. Another “Overweight” rating came from Barclays, providing a prediction for $2.70 price target according to the report published in September 4th, 2019.
[bold-text]Clear Channel Outdoor Holdings, Inc. (CCO) Analysis[/bold-text]
The present dividend yield for CCO owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -54.90%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Clear Channel Outdoor Holdings, Inc. (CCO) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 25.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while CCO is currently recording an average of 2.06M in volumes. The volatility of the stock on monthly basis is set at 8.56%, while the weekly volatility levels are marked at 7.14%with -11.53% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $1.59, indicating growth from the present price of $0.97, which can represent yet another valuable research and analysis points that can help you decide whether to invest in CCO or pass.
[bold-text]What to Look for When Analyzing Clear Channel Outdoor Holdings, Inc. Shares?[/bold-text]
Clear Channel Outdoor Holdings, Inc. (CCO) is based in the USA and it represents one of the well-known company operating with Communication Services sector. If you wish to compare CCO shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Clear Channel Outdoor Holdings, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.30 is supported by the yearly EPS growth of -45.80%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.70%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 97.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in CCO Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in CCO in the recent period. That is how Ares Management LLC now has an increase position in CCO by 1.58% in the first quarter, owning 32.18 million shares of CCO stocks, with the value of $32.18 million after the purchase of an additional 502,000 shares during the last quarter. In the meanwhile, Mason Capital Management LLC also increased their stake in CCO shares changed 0.00% in the first quarter, which means that the company now owns 30.43 million shares of company, all valued at $30.43 million after the acquisition of additional 0 shares during the last quarter.
Brigade Capital Management LP acquired a new position in Clear Channel Outdoor Holdings, Inc. during the first quarter, with the value of $18.99 million, and Davidson Kempner Capital Manageme increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $18.89 million after the acquisition of the additional 18.89 million shares during the last quarter. In the end, Franklin Mutual Advisers LLC increased their position by 2.81% during the first quarter, now owning 17.62 million CCO shares, now holding the value of $17.62 million in CCO with the purchase of the additional 0 shares during the period of the last quarter. At the present, 97.00% of CCO shares are in the ownership of institutional investors.