Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Clear Channel Outdoor (NYSE:CCO - Get Rating) had its price target decreased by analysts at Morgan Stanley from $2.50 to $2.15 in a research report issued to clients and investors on Friday, The Fly reports. Morgan Stanley's target price would suggest a potential upside of 48.28% from the company's previous close.

A number of other research firms have also recently weighed in on CCO. StockNews.com began coverage on shares of Clear Channel Outdoor in a research note on Thursday, March 31st. They issued a "hold" rating on the stock. Zacks Investment Research upgraded shares of Clear Channel Outdoor from a "sell" rating to a "hold" rating in a research note on Friday, May 13th. Finally, Barrington Research dropped their price target on shares of Clear Channel Outdoor from $5.00 to $3.25 in a research note on Friday, May 13th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.86.

Shares of CCO opened at $1.45 on Friday. Clear Channel Outdoor has a 1 year low of $1.41 and a 1 year high of $4.10. The company has a market capitalization of $689.17 million, a price-to-earnings ratio of -3.45 and a beta of 2.41. The business has a 50-day moving average of $2.36 and a 200-day moving average of $3.01.

Clear Channel Outdoor (NYSE:CCO - Get Rating) last released its earnings results on Tuesday, May 10th. The business services provider reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.04). The business had revenue of $525.69 million for the quarter, compared to analysts' expectations of $536.95 million. During the same quarter last year, the firm posted ($0.42) EPS. On average, research analysts predict that Clear Channel Outdoor will post -0.04 EPS for the current fiscal year.

In other Clear Channel Outdoor news, major shareholder Pacific Investment Management sold 561,112 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $1.58, for a total value of $886,556.96. Following the sale, the insider now directly owns 104,872,541 shares in the company, valued at approximately $165,698,614.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCO. Diameter Capital Partners LP purchased a new stake in Clear Channel Outdoor in the 1st quarter worth approximately $25,915,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Clear Channel Outdoor by 629.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,114,400 shares of the business services provider's stock worth $17,696,000 after buying an additional 4,413,700 shares during the last quarter. Conversant Capital LLC bought a new position in shares of Clear Channel Outdoor in the 4th quarter worth $14,372,000. Caspian Capital LP bought a new position in shares of Clear Channel Outdoor in the 4th quarter worth $10,758,000. Finally, Vanguard Group Inc. increased its holdings in shares of Clear Channel Outdoor by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 37,671,943 shares of the business services provider's stock worth $130,345,000 after buying an additional 2,381,643 shares during the last quarter. Institutional investors and hedge funds own 92.20% of the company's stock.

Clear Channel Outdoor Company Profile (Get Rating)

Clear Channel Outdoor Holdings, Inc owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas and Europe. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanical devices and moving parts, and other embellishments; wallscape, a display that drapes over or is suspended from the sides of buildings or other structures.

See AlsoGet a free copy of the StockNews.com research report on Clear Channel Outdoor (CCO)Campbell Soup Company Is Why Staples Stocks Will Outperform Nutanix Stock Bestows a Cheap EntryThe Institutions Are Rotating Into Olli’s Bargain Outlet Microcap Oil-Dri Corporation Is A Buy For Income InvestorsInflation, An Economic Winter Is Approaching 

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Clear Channel Outdoor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clear Channel Outdoor wasn't on the list.

While Clear Channel Outdoor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Kate chats with financial advisor and asset manager Marc Scudillo, who discusses some psychological aspects of investing in the current market, as well as the benefits of specific asset classes and investing styles.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.