Long-Term Investors Should Consider Buying the Dips in Clear Channel Outdoor Holdings Inc. [CCO] Stock

Over the past three months, Clear Channel Outdoor Holdings Inc. [CCO] ended the trading day at $1.49 and exhibited a change of -0.67% with a 24 hour trading and reached upto the volume of 1.92M compared to its recorded trading volume of 2.84 million. CCO generated a 1 year amount change with -42.69%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -3.87% with an amount shift of 61.34% over the last month.

On 23, November 2020, Clear Channel Outdoor, No Kid Hungry Launch National Holiday Campaign to Help Connect Kids to Free Meals. According to news published on Yahoo Finance, Month-long Digital Billboard Campaign Inspires Communities to Help Ensure Every Kid Has Access to Healthy Meals Every Day.

Analyst Birdseye View:

The most recent analyst activity for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] stock was on October 19, 2020, when it was Downgrade with an Underweight rating from JP Morgan. On June 24, 2020, Citigroup Upgrade a Buy rating. On April 01, 2020, Barrington Research Downgrade a Mkt perform rating. 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 improved its amount target to $2.70.

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, the middling Wall Street analyst 12-month amount mark is $1.60. At the most recent market close, shares of Clear Channel Outdoor Holdings Inc. [NYSE:CCO] were valued at $1.49. According to the average price forecast, investors can expect a potential return of -10.63%.

FUNDAMENTAL ANALYSIS

Clear Channel Outdoor Holdings Inc. [NYSE:CCO] most recently reported quarterly sales of 447.5 billion, which represented growth of -31.50%. 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 38.00%, its Operating Margin is -9.80%, its Pretax Margin is -10.79, and its Net Margin is -13.54.

If looking now at the Principal structure of this organization, it shows its whole liability to the 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 1.4600 points at 1st support level, the second support level is making up to 1.4300. But as of 1st resistance point, this stock is sitting at 1.5300 and at 1.5700 for 2nd resistance point.

Clear Channel Outdoor Holdings Inc. [CCO] reported its earnings at -$0.29 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.29/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.3 calling estimates for -$0.38/share with the difference of 0.08 depicting the surprise of 21.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] is 1.30. 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.