While Clear Channel Outdoor Holdings Inc. has underperformed by -0.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCO rose by 57.69%, with highs and lows ranging from $2.06 to $0.99, whereas the simple moving average jumped by 7.19% in the last 200 days.
On December 20, 2023, Wells Fargo Upgraded Clear Channel Outdoor Holdings Inc. (NYSE: CCO) to Overweight. A report published by Wells Fargo on July 08, 2022, Downgraded its rating to ‘Equal Weight’ for CCO. Barrington Research also Upgraded CCO shares as ‘Outperform’, setting a target price of $5 on the company’s shares in a report dated November 11, 2021. Morgan Stanley initiated its ‘Equal-Weight’ rating for CCO, as published in its report on November 02, 2020. Citigroup also rated the stock as ‘Buy’.
Analysis of Clear Channel Outdoor Holdings Inc. (CCO)
Further, the quarter-over-quarter decrease in sales is -10.86%, 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 1.08, 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 2.41M can be a very valuable indicator of volatility for CCO stock. On a monthly basis, the volatility of the stock is set at 5.22%, whereas on a weekly basis, it is put at 5.00%, with a gain of 4.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.29, showing growth from the present price of $1.64, 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 13.41%. 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 88.61% 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 88.61% at present.
