The stock is trading roughly 1.2% above its analyst consensus price target, leaving risk/reward at -1.5-to-1 with no remaining upside; persistent negative free cash flow and a mixed earnings record with estimates trending downward provide no fundamental support for a re-rating, making the setup unattractive.
Thesis pillars
- Price Above Consensus Target→Stable
- Negative Free Cash Flow→Stable
- Weak Earnings Consistency→Stable
- +1 more pillar — see the Why tab for full reasoning
Clear Channel Outdoor Holdings, (CCO) Stock Analysis
Breakout setup
Communication Services · Advertising Agencies
Sell if holding. Analyst target reached at $2.41 — A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: America segment (75.0%).
Clear Channel Outdoor Holdings, Inc. is a leading U.S. out-of-home advertising company operating roadside billboards, street furniture, and airport displays across 81 Designated Market Areas, including 43 of the top 50 U.S. markets. The company generated approximately $1.6... Read more
Sell if holding. Analyst target reached at $2.41 — A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: America segment (75.0%). Chart setup: Golden cross, above all MAs, RSI 50, MACD bullish. Score 5.2/10, moderate confidence.
Passes 6/8 gates (positive momentum, no SEC red flags, news events none recent, earnings proximity 36d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and clean insider activity. Suitability: aggressive.
About Clear Channel Outdoor Holdings,
About Clear Channel Outdoor Holdings,
Clear Channel Outdoor generated approximately $1.6 billion in revenue in 2025 from roadside billboards, street furniture, and airport advertising displays spanning 81 U.S. Designated Market Areas, including 43 of the top 50 markets. The America segment supplied 75% of that revenue and the Airports segment the remaining 25%, and on February 9, 2026 the company agreed to a take-private acquisition by a Mubadala Capital and TWG Global-led consortium for $2.43 per share in cash.
Clear Channel earns revenue by selling advertising space in four-week cycles across large-format bulletins (76% of America segment product revenue), posters (11%), and spectaculars/wallscapes (5%), plus street furniture and transit displays, while the Airports segment relies on exclusive concession contracts that grant sole advertising rights at more than 60 commercial airports. Digital displays made up only about 8% of total inventory at year-end 2025 but generated 44% of revenue, reflecting materially higher yield per structure than printed displays, and the company added 71 large-format digital billboards during the year. The company carried approximately $5.1 billion in total indebtedness at December 31, 2025 and paid $394.4 million in cash interest during the year, with next material maturities — $899.3 million of 7.750% Senior Notes and a $425.0 million Term Loan Facility — due in 2028. Having exited its Europe-South, Europe-North, and Latin America businesses by 2025 and signing an agreement to sell its Spain operations, the company is now concentrated almost entirely on U.S. and Caribbean airport advertising.
Show full overview
The pending take-private merger dominates Clear Channel's near-term risk profile beyond ordinary OOH competition: the Merger Agreement fixes the buyout price at $2.43 per share regardless of any change in the company's results, restricts Clear Channel from incurring new debt or pursuing alternative transactions under a "no-shop" provision, and imposes a termination fee of $39.8 million (or $19.9 million during the go-shop window) if the company instead accepts a superior proposal. If regulatory approvals — including a Committee on Foreign Investment in the United States review — or the stockholder vote fail to clear before the November 9, 2026 outside date (extendable to February 9, 2027), Clear Channel would remain a heavily levered, $5.1 billion-indebted public company navigating the same digital-conversion and airport-demand risks on its own balance sheet.
See also: Communication Services · Advertising Agencies
From Clear Channel Outdoor Holdings,'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-07Recent Developments — Clear Channel Outdoor Holdings,
Latest news
- NEWS Earnings Scheduled For May 6, 2026 — benzinga May 6, 2026 neutral
- NEWS Clear Channel Outdoor Q1 EPS $(0.10) Misses $(0.09) Estimate, Sales $373.864M Beat $348.714M Estimate — benzinga May 6, 2026 positive
- NEWS Earnings Scheduled For May 5, 2026 — benzinga May 5, 2026 neutral
Generated 2026-07-07T12:51:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHProductAmerica segment75%10-K Item 1: 'The America segment contributed 75%, 76% and 77% of our revenue from continuing operations in 2025, 2024 and 2023, respectively.'
- MEDIUMProductdigital displays44%10-K Item 1: 'digital assets accounted for approximately 8% of our inventory but generated 44% of our revenue for the year'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $2.41 — A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: America segment (75.0%). Chart setup: Golden cross, above all MAs, RSI 50, MACD bullish. Prior stop was $2.37. Score 5.2/10, moderate confidence.
Take-profit target: $2.38 (-1.2% upside). Prior stop was $2.37. Stop-loss: $2.37.
Concentration risk — Product: America segment (75.0%); Analyst target reached - limited upside remaining; Near 52-week high (0.8% away).
Clear Channel Outdoor Holdings, trades at a P/E of N/A (forward -17.2). TrendMatrix value score: 6.4/10. Verdict: Sell.
10 analysts cover CCO with a consensus score of 2.4/5. Average price target: $2.
What does Clear Channel Outdoor Holdings, do?Clear Channel Outdoor Holdings, Inc. is a leading U.S. out-of-home advertising company operating roadside billboards,...
Clear Channel Outdoor Holdings, Inc. is a leading U.S. out-of-home advertising company operating roadside billboards, street furniture, and airport displays across 81 Designated Market Areas, including 43 of the top 50 U.S. markets. The company generated approximately $1.6 billion in revenue in 2025 across its America (75% of revenue) and Airports (25%) segments, and on February 9, 2026 agreed to be acquired by an investor consortium led by Mubadala Capital and TWG Global for $2.43 per share in cash, a deal expected to close by the end of the third quarter of 2026.