Currently, Clear Channel Outdoor Holdings Inc. [CCO] is trading at $1.76, up 2.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CCO shares have gain 3.53% over the last week, with a monthly amount glided 6.67%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, Clear Channel Outdoor Holdings, Inc. Announces Pricing of Senior Secured Notes Due 2030. In a post published today on Yahoo Finance, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that it priced an offering (the “Offering”) of $865,000,000 aggregate principal amount of 7.875% Senior Secured Notes due 2030 (the “Notes”). The issuance and sale of the Notes is expected to be completed on March 18, 2024, subject to customary closing conditions.
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.
This stock has fluctuated between a low of $0.99 and a high of $2.06 over the last 52 weeks. 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 $1.76 at the most recent close of the market. An investor can expect a potential return of 84.66% based on the average CCO price forecast.
Analyzing the CCO fundamentals
Trailing Twelve Months sales for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] were 2.34B which represents -10.86% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.69.
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 1.6933 points at the first support level, and at 1.6267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8233, and for the 2nd resistance point, it is at 1.8867.
Clear Channel Outdoor Holdings Inc. [CCO] reported earnings per share of $0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.01 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.55 per share as compared to estimates of -$0.08 per share, a difference of -$0.47 representing a surprise of -587.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Clear Channel Outdoor Holdings Inc. [NYSE:CCO] is 1.08. Also, the Quick Ratio is 1.08, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.36.
