Clear Channel Outdoor Holdings Inc. [CCO] stock prices are up 3.33% to $1.55 at the moment. 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 3.33% over the last week, with a monthly amount glided 14.81%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Clear Channel Outdoor Holdings Inc. [CCO] has been fluctuating between $1.04 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 $1.55 at the most recent close of the market. An investor can expect a potential return of 109.68% based on the average CCO price forecast.
Analyzing the CCO fundamentals
The Clear Channel Outdoor Holdings Inc. [NYSE:CCO] reported sales of 2.20B for trailing twelve months, representing a drop of -12.35%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.63.
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 1.5000 points at the first support level, and at 1.4500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5800, and for the 2nd resistance point, it is at 1.6100.
Ratios To Look Out For
It’s worth pointing out that Clear Channel Outdoor Holdings Inc. [NYSE:CCO]’s Current Ratio is 1.02. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.34.
Transactions by insiders
Recent insider trading involved PACIFIC INVESTMENT MANAGEMENT, 10% Owner, that happened on Jul 30 ’24 when 46959.0 shares were sold. 10% Owner, PACIFIC INVESTMENT MANAGEMENT completed a deal on Apr 10 ’24 to sell 12584.0 shares.
