Clear Channel Outdoor (CCO)
Sells out-of-home advertising across U.S. roadside, street-furniture, and airport displays.
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Sells out-of-home advertising through U.S. roadside, street-furniture, and airport operations. Digital displays, data analytics, and programmatic buying support a U.S.-centered business as international operations are divested.
Out-of-home advertising is sold through two continuing segments: America, which covers U.S. roadside billboards and street furniture, and Airports, which sells advertising in U.S. and Caribbean airports.
A U.S.-centered footprint is taking shape as international businesses are sold and the company becomes primarily focused on domestic operations. The stated operating model combines digital displays and billboards with data analytics and programmatic buying to make campaigns more measurable and simpler for advertisers to purchase.
The remaining international simplification depends on completing the planned Spain sale. A consortium-advised take-private merger is pending, subject to regulatory and stockholder approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 6, 2026 | TD Cowen | Downgrade | ||
| Feb 10, 2026 | Cowen & Co. | Target | Target: — | Target: $2.50 |
| Nov 10, 2025 | Morgan Stanley | Target | Target: $1.75 | Target: $2 |
| Sep 25, 2025 | UBS | Target | Target: — | Target: $2.50 |
| Apr 23, 2025 | Barrington Research | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $192.1K · Total debt $6.5M · Total assets $3.8M · Shareholders' equity −$3.5M
- Revenue
- $438.0M
- Operating income
- $89.1M
- Net income
- −$5.3M
No dividends on record.
| Institutions | 81.62% | 415.53M shares | |
|---|---|---|---|
| 201 holders · as of Jun 30, 2026 | |||
| Insiders | 16.15% | 82.23M shares | |
| 12 holders · as of Jun 17, 2026 | |||
| Strategic holders | 20.57% | 104.72M shares | |
| 1 holder · as of Feb 11, 2026 | |||
| Adds to | 118.34% | ||
509.09M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 118.34%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Allianz Asset Management GmbHInstitution | 20.57% | 104.72M | as of Jun 30, 2026 |
Pacific Investment Management Co LLC1,2Strategic10 percent owner | 20.57% | 104.72M | filed Feb 11, 2026 |
Arturo R. MorenoInsider10 percent owner | 13.28% | 67.61M | filed Feb 11, 2026 |
Ares Management LLCInstitution | 8.09% | 41.20M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.98% | 30.44M | as of Jun 30, 2026 |
- Pacific Investment Management Co LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (104.72M) is used instead.
- Pacific Investment Management Co LLC reports a block also reported by Allianz Asset Management GmbH; it is counted once, under Allianz Asset Management GmbH.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Raymond T. White | director | −508,804 | $2.40 |
| Jun 9, 2026 | Raymond T. White | director | −23,435,796 | $2.40 |
- Lamar Advertising
U.S. billboard, digital and transit inventory for national advertisers
- OUTFRONT Media
U.S. billboard and transit advertising inventory in major urban markets
- Diversified Energy
Street furniture and transport advertising, including airport media
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clear Channel Outdoor | $2.39 | +0.31% | $1.21B | — | — | 0.7 | +8.8% |
| Lamar Advertising | $145.02 | −0.73% | $14.82B | 26.7 | 23.8 | 6.4 | +6.5% |
| OUTFRONT Media | $28.04 | −0.64% | $4.97B | 20.0 | 20.6 | 2.6 | +13.5% |
| Diversified Energy | $13.94 | +1.68% | $991.6M | 1.6 | — | 0.6 | −33.1% |
| Median | 20.0 | 22.2 | 2.6 | +6.5% |