Wells Fargo has recently reduced Clear Channel Outdoor Holdings Inc (CCO) stock to Equal Weight rating, as announced on September 19, 2024, according to Finviz. Earlier, on December 20, 2023, Wells Fargo had raised the stock from a Equal Weight to Overweight, setting a price target of $2.75 for CCO stock. Wells Fargo also reduced Equal Weight rating with a price target of $1.50. Additionally, Barrington Research raised Outperform rating on November 11, 2021, with a target price of $5. Citigroup analysts, in their report published on January 5, 2021, also reduced Neutral rating for Clear Channel Outdoor Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Clear Channel Outdoor Holdings Inc (CCO) Stock Trading Recap
On Tuesday, Clear Channel Outdoor Holdings Inc (CCO) stock saw a modest uptick, ending the day at $1.46 which represents a slight increase of $0.05 or 3.55% from the prior close of $1.41. The stock opened at $1.49 and touched a low of $1.43 during the day, reaching a high of $1.49. The volume of shares traded was 2.29 million exceeding the average volume of 1.57 million.
CCO Stock Performance and Moving Averages
In recent trading, Clear Channel Outdoor Holdings Inc (CCO) stock price has shown some volatility, fluctuating -5.19% over the last five trades and -2.67% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -6.41%, and it has gained 5.04% in the previous three months. Currently, CCO is trading at -5.13%, -6.48%, and -6.96% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CCO, a Communication Services sector stock, is trading -28.95% below its 52-week high but remains 33.94% above its 52-week low. The Average True Range (ATR) (14 days) of 0.08 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Clear Channel Outdoor Holdings Inc’s Profitability and Valuation Ratios
Clear Channel Outdoor Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 14.63% and a profit margin of -5.65%, with a gross margin of -6.41%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Clear Channel Outdoor Holdings Inc’s market capitalization stands at $714.05 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.32, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 28.12% of Clear Channel Outdoor Holdings Inc (CCO)’s shares, while financial institutions hold 73.40%.
