Clear Channel Outdoor Holdings Inc. [CCO] shares are down more than -59.45% this year and recently decreased -0.11% or -$0.11 to settle at $0.97. Analysts expect CCO to grow earnings at a 1.00% annual rate over the next 5 years. CCO has a short ratio of 7.67. This implies that the market is currently less bearish on the outlook for CCO.

On 14, October 2020, City Leaders, Afterschool Supporters Light Up Billboards Around the Country to Illuminate the Work of Afterschool Programs During the Pandemic. According to news published on Yahoo Finance, Clear Channel Outdoor Supports Lights On Afterschool 2020 with National Billboard Campaign.

Analyst Birdseye View:

The most recent analyst activity for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] stock was on April 01, 2020, when it was Downgrade with a Mkt perform rating from Barrington Research. On February 03, 2020, JP Morgan Initiated a Neutral rating. On September 24, 2019, Wells Fargo Initiated an Outperform rating. On September 04, 2019, Cowen Initiated an Outperform rating. On September 04, 2019, Citigroup Initiated a Neutral rating and boosted its amount on this stock to $2.70. On September 04, 2019, Barclays Initiated an Overweight rating and boosted its target amount on this stock to $3.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.36 and a peak of $3.10. Right now, according to Wall Street analyst the average 12-month amount target is $1.59. At the most recent market close, shares of Clear Channel Outdoor Holdings Inc. [NYSE:CCO] were valued at $0.97. According to the average price forecast, investors can expect a potential return of 5.36%.

FUNDAMENTAL ANALYSIS

Clear Channel Outdoor Holdings Inc. [NYSE:CCO] most recently reported quarterly sales of 314.91 billion, which represented growth of -54.90%. This publicly-traded organization’s revenue is $454,883 per employee, while its income is -$61,577 per employee. This company’s Gross Margin is currently 40.60%, its Operating Margin is -7.40%, its Pretax Margin is -10.79, and its Net Margin is -13.54.

The Principal structure of this organization shows its whole liability to whole principal at 145.34 and the whole liability to whole assets at 102.43. It shows enduring liability to the whole principal at 136.95 and enduring liability to assets at 0.97 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.9338 points at 1st support level, the second support level is making up to 0.8944. But as of 1st resistance point, this stock is sitting at 1.0488 and at 1.1244 for 2nd resistance point.

Clear Channel Outdoor Holdings Inc. [CCO] reported its earnings at -$0.3 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.38/share signifying the difference of 0.08 and 21.10% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.6 calling estimates for -$0.21/share with the difference of -0.39 depicting the surprise of -185.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.34. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.44.

Insider Stories

The most recent insider trade was by MORELAND W BENJAMIN, Director, and it was the purchase of 0.4 million shares on Aug 12. PACIFIC INVESTMENT MANAGEMENT , the 10% Owner, completed a sale of 14907.0 shares on Jul 29. On Jul 15, PACIFIC INVESTMENT MANAGEMENT , 10% Owner, completed a sale of 0.12 million shares.