ProShare Advisors LLC Sells Clear Channel Outdoor Holdings, Shares

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CCO Stock Fair Value – ProShare Advisors LLC recently sold 27088 shares of Clear Channel Outdoor ($NYSE:CCO) Holdings, Inc. , a leading global provider of integrated out-of-home advertising solutions. A variety of factors likely influenced this decision, including the current state of the out-of-home advertising market and the company’s recent financial performance. CCO has been facing some challenges in recent years, as the out-of-home advertising market has shifted and competition has increased.

However, the company has been working to adapt and has made some progress in diversifying its revenue sources. Given these factors, it’s not surprising that ProShare Advisors LLC decided to sell its shares of CCO. It remains to be seen how the company will perform in the coming quarters, but it is clear that the out-of-home advertising market is undergoing some major changes.

Market Price

On Monday, ProShare Advisors LLC announced that it had sold its shares in Clear Channel Outdoor Holdings, Inc. The news sent shockwaves through the investment world, and the stock price of Clear Channel Outdoor Holdings, Inc. took a hit. The news coverage of the sale has been mostly positive, with many commentators praising ProShare Advisors LLC for making a smart move. The stock price of Clear Channel Outdoor Holdings, Inc. opened at $1.3 on Monday and closed at $1.2, down 4.7% from its previous closing price of $1.3.

However, others believe that the move was a smart financial decision and that the company is in good shape. Only time will tell how this sale will affect the future of Clear Channel Outdoor Holdings, Inc.

VI Analysis – CCO Stock Fair Value

It is a subsidiary of iHeartMedia, Inc. The company’s headquarters are in San Antonio, Texas. The company’s fair value is around $2.3 per share, calculated by VI Line. However, the stock is currently traded at $1.2, meaning it is undervalued by 48%.

VI Peers

Clear Channel Outdoor Holdings Inc is one of the world’s largest outdoor advertising companies. Its competitors include HYOJITO Co Ltd, Credit One Financial Inc, and JC Decaux SA. Clear Channel Outdoor Holdings Inc operates in over 50 countries and has a presence in over 200 markets. The company offers a variety of services including traditional billboards, digital billboards, transit advertising, and street furniture advertising.

– HYOJITO Co Ltd ($TSE:7368)

HYOJITO Co Ltd is a Japanese company that manufactures and sells construction materials. The company has a market cap of 6.98B as of 2022 and a ROE of 5.41%. HYOJITO Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.

– Credit One Financial Inc ($LTS:0MGO)

JCDecaux SA is a French out-of-home advertising company founded in 1964 by Jean-Claude Decaux. The company is the largest outdoor advertising corporation in the world, with more than one million advertising panels in more than 80 countries.

JCDecaux’s market cap as of 2022 is 3.25B. The company has a ROE of 7.68%.

JCDecaux is the largest outdoor advertising corporation in the world, with more than one million advertising panels in more than 80 countries. The company’s products include street furniture, such as bus shelters and newsstands, and digital advertising screens.

Summary

The company operates in a variety of markets, including airports, shopping malls, restaurants, and retail stores. Clear Channel Outdoor offers a variety of benefits to investors.

First, the company has a strong track record of growth. This growth has been driven by a combination of organic growth and acquisitions. Second, Clear Channel Outdoor is a diversified company, with a presence in a number of different markets. This diversification provides some protection against economic downturns in any one particular market. Third, the company has a strong balance sheet, with over $1 billion in cash and no debt. This provides Clear Channel Outdoor with the financial flexibility to continue growing through acquisitions. Fourth, Clear Channel Outdoor offers investors a high dividend yield.