Originally published on Best Stocks Category: best stocks to buy now According to Benzinga, research analysts at Morgan Stanley lowered their price target for Clear Channel Outdoor (NYSE: CCO) in a note released to investors on Wednesday. The new price target is $1.50, down from $2.00. The business services provider’s stock currently has an “equal weight” rating at Morgan Stanley, which indicates a potential increase in value that is 38.89% higher than the price at which the company’s stock is trading.On numerous occasions, additional reports about CCO have been written. StockNews.com initiated coverage of the shares of Clear Channel Outdoor on Wednesday, October 12, in a report made available for public consumption that same day. They decided to maintain their “hold” rating for the company. Cowen announced the reduction of their price target for Clear Channel Outdoor to $3.50 in a research note published online on August 15. The stock has received a recommendation to “hold” from four financial analysts, while one has given the stock a rating of “buy.” Most analysts polled by Bloomberg.com have settled on a price target of $2.20 for the company’s share price after assigning it a recommendation of “Hold,” which is the site’s overall recommendation for the stock.When the market opened on Wednesday, the price of a share of Clear Channel Outdoor was $1.08. Since the beginning of this year, Clear Channel Outdoor shares have traded as low as $0.91, and reached an all-time high of $4.10 in the past year. The company’s share price has moved closer to $1.55 over the past fifty trading days, while it has moved closer to $1.58 over the past two hundred trading days. The value of the company’s beta is 2.43, and its market capitalization is $513.31 million at present. There is a negative 3.72 in front of the price-to-earnings ratio.On August 9, the results of Clear Channel Outdoor’s most recent quarterly earnings report were made public on the NYSE under the ticker symbol CCO. Earnings per share for the quarter came in at $0.04 for the company, which was $0.02 higher than the consensus estimate of $0.06 compiled by market analysts. The company’s actual sales for the quarter came in at $643.38 million, which is higher than the average expectation of $642.09 million for sales during the quarter. Earnings per share for Clear Channel Outdoor are expected to decrease by 0.17 cents in the current fiscal year, according to forecasts made by market researchers and analysts.On the day the transaction was completed, Ares Management Llc, a significant shareholder in the company, purchased 200,000 shares of the company’s stock.The shares were obtained for a total expenditure of $294,000.00, which works out to a price of $1.47 per share on average when purchased. After the completion of the transaction, the corporate insider now directly owns a total of 50,671,580 shares of the company’s stock, which have a combined value of approximately $74,487,222.60. This gives the corporate insider a direct stake in the company of approximately 7.4 percent. The Securities and Exchange Commission (SEC) website contains the filing in which the transaction was discussed. This filing was submitted to the SEC and can be found there. Business insiders have purchased a total of 1,800,000 shares over the past three months, equaling $2,706,000 in today’s currency values. The percentage of a company’s total stock owned by company insiders is 1.90 percent.Several hedge funds have recently engaged in market activity, specifically purchasing and selling CCO stock. To fill a newly created position at Clear Channel Outdoor, Sequoia Financial Advisors, LLC, forked over $35,000 during the year’s first three months. During the first three months of the year, Wealth Advisors of Iowa LLC invested Clear Channel Outdoor, totaling $42,000. The first three months of 2018 saw Sciencast Management LP offer a starting salary of approximately $45,000 for a new position at Clear Channel Outdoor. Fifth Third Bancorp paid a price that was approximately equivalent to $27,000 to initiate a new position in Clear Channel Outdoor shares during the third quarter of the fiscal year. During the first three months of this year, Covestor Ltd. increased the proportion of its holdings comprising of Clear Channel Outdoor by a whopping 12,212.4%. Covestor Ltd. now holds 20,931 shares of the business services provider’s stock, valued at $72,000 thanks to the acquisition of an additional 20,761 shares during the preceding quarter. Hedge funds and other institutional investors own the company’s common stock to a percentage of 96.70 percent.Clear Channel Outdoor Holdings, Inc. not only owns and operates advertising displays in the United States and internationally, but it also engages in selling these displays. Therefore, it is possible to separate it into two completely separate regions: Europe and the Americas. The company offers advertising services using billboards, which include bulletins and posters; transit displays, which are advertising surfaces on a variety of vehicles or within transit systems; street furniture displays, which are advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; and spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanically dumbed-down versions of the advertisement, and other such elements.