While Clear Channel Outdoor Holdings Inc. has overperformed by 1.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCO rose by 41.44%, with highs and lows ranging from $2.06 to $1.04, whereas the simple moving average fell by -0.62% in the last 200 days.
On September 19, 2024, Wells Fargo Downgraded Clear Channel Outdoor Holdings Inc. (NYSE: CCO) to Equal Weight. A report published by Wells Fargo on December 20, 2023, Upgraded its rating to ‘Overweight’ for CCO. Wells Fargo also Downgraded CCO shares as ‘Equal Weight’, setting a target price of $1.50 on the company’s shares in a report dated July 08, 2022. Citigroup January 05, 2021d its ‘Buy’ rating to ‘Neutral’ for CCO, as published in its report on January 05, 2021. JP Morgan also rated the stock as ‘Underweight’.
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Analysis of Clear Channel Outdoor Holdings Inc. (CCO)
Further, the quarter-over-quarter decrease in sales is -12.35%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Clear Channel Outdoor Holdings Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.02, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.87M can be a very valuable indicator of volatility for CCO stock. On a monthly basis, the volatility of the stock is set at 4.59%, whereas on a weekly basis, it is put at 3.96%, with a gain of 3.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.05, showing growth from the present price of $1.57, which can serve as yet another indication of whether CCO is worth investing in or should be passed over.
How Do You Analyze Clear Channel Outdoor Holdings Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CCO shares are owned by institutional investors to the tune of 73.46% at present.
