At the time of writing, Clear Channel Outdoor Holdings Inc. [CCO] stock is trading at $1.98, up 5.32%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CCO shares have gain 10.00% over the last week, with a monthly amount glided 9.39%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Clear Channel Outdoor Holdings, Inc. Announces Proposed Private Offering of Senior Secured Notes. In a post published today on Yahoo Finance, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that it will offer, subject to market and customary conditions, $865,000,000 aggregate principal amount of Senior Secured Notes due 2030 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
From an analyst’s perspective:
Clear Channel Outdoor Holdings Inc. [NYSE: CCO] stock has seen the most recent analyst activity on December 20, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $2.75 from $1.50. Previously, Wells Fargo downgraded its rating to Equal Weight on July 08, 2022, and dropped its price target to $1.50. On November 11, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $5 on the stock. Citigroup downgraded its rating to a Neutral. Morgan Stanley initiated its recommendation with a Equal-Weight. JP Morgan downgraded its rating to Underweight for this stock on October 19, 2020. In a note dated June 24, 2020, Citigroup upgraded an Buy rating on this stock.
For the past year, the stock price of Clear Channel Outdoor Holdings Inc. fluctuated between $0.99 and $1.95. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Clear Channel Outdoor Holdings Inc. [NYSE: CCO] shares were valued at $1.98 at the most recent close of the market. An investor can expect a potential return of 64.14% based on the average CCO price forecast.
Analyzing the CCO fundamentals
According to Clear Channel Outdoor Holdings Inc. [NYSE:CCO], the company’s sales were 2.42B for trailing twelve months, which represents an -12.63% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8950 points at the first support level, and at 1.8100 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0600, and for the 2nd resistance point, it is at 2.1400.
Clear Channel Outdoor Holdings Inc. [CCO] reported earnings per share of -$0.55 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of -$0.47 and a surprise factor of -587.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.08 per share as compared to estimates of -$0.06 per share, a difference of -$0.02 representing a surprise of -33.30%.
Ratios To Look Out For
It is important to note that Clear Channel Outdoor Holdings Inc. [NYSE:CCO] has a current ratio of 0.84. In addition, the Quick Ratio stands at 0.84 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.40.
