Clear Channel Outdoor Holdings Inc. [CCO] stock is trading at $1.62, up 3.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CCO shares have gain 5.19% over the last week, with a monthly amount drifted -7.95%, and not seem to be holding up well over a long-time horizon.
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On 25, March 2024, Clear Channel Outdoor Holdings, Inc. Announces Clear Channel International B.V.’s New Term Loan Facility and Concurrent Redemption of Existing Secured Notes. In a post published today on Yahoo Finance, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that the Company’s indirect, wholly owned subsidiary, Clear Channel International B.V. (“CCIBV”), entered into a credit agreement (the “CCIBV Credit Agreement”) on March 22, 2024 (the “Closing Date”) governing CCIBV’s new term loan facility (the “CCIBV Term Loan Facility”). Under the agreement, JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent, and J.P. Morgan SE serves as lead arranger and bookrunner.
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.
Clear Channel Outdoor Holdings Inc. [CCO] stock has fluctuated between $0.99 and $2.06 over the past year. 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 $1.62 at the most recent close of the market. An investor can expect a potential return of 100.62% based on the average CCO price forecast.
Analyzing the CCO fundamentals
Clear Channel Outdoor Holdings Inc. [NYSE:CCO] reported sales of 2.34B for the trailing twelve months, which represents a drop of -10.86%. 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 1.5633 points at the first support level, and at 1.5067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6533, and for the 2nd resistance point, it is at 1.6867.
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
For context, Clear Channel Outdoor Holdings Inc.’s Current Ratio is 1.08. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.33.
