Mizuho Securities Remains a Hold on Clear Channel Outdoor (CCO)

Mizuho Securities analyst maintained a Hold rating on Clear Channel Outdoor today and set a price target of $1.35. The company’s shares closed yesterday at $1.27.

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Clear Channel Outdoor has an analyst consensus of Hold, with a price target consensus of $1.51.

Based on Clear Channel Outdoor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $402.81 million and a net profit of $10.65 million. In comparison, last year the company earned a revenue of $558.54 million and had a GAAP net loss of $39.17 million

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCO in relation to earlier this year. Last month, Arturo Moreno, a Major Shareholder at CCO bought 2,000,000.00 shares for a total of $2,090,000.00.