CCO Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Clear Channel Outdoor Holdings Inc (CCO) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock is supported by a strong acquisition deal at $2.43 per share, which limits downside risk and provides a clear exit strategy. The technical indicators are bullish, and hedge funds are actively buying, further supporting the investment case.
The technical indicators are bullish. The MACD histogram is positive and expanding, the RSI is neutral at 74.324, and the moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance level of 2.347, with a pivot at 2.219.
Clear Channel Outdoor announced a $6.2 billion all-cash acquisition deal at $2.43 per share, providing a clear exit strategy.
Hedge funds are actively buying, with a 657.13% increase in buying activity over the last quarter.
The company's financials show significant YoY improvements in revenue, net income, EPS, and gross margin.
Investigations into the acquisition deal for potential fiduciary duty violations could create uncertainty.
The stock's RSI is approaching overbought levels, which may limit short-term upside.
In Q3 2025, revenue increased by 8.12% YoY to $405.64M. Net income improved significantly, up 84.68% YoY to -$60.09M. EPS rose by 71.43% YoY to -0.12, and gross margin increased by 1.30% YoY to 43.72%. These metrics indicate strong operational improvements.
TD Cowen recently lowered the price target to $2.50 from $2.90 but maintained a Buy rating. The firm sees a high likelihood of the acquisition deal closing at $2.43 per share, implying limited downside risk and a clear exit strategy.
