At the time of writing, Clear Channel Outdoor Holdings Inc. [CCO] stock is trading at $1.59, up 3.92%. An important factor to consider is whether the stock is rising or falling in short-term value.
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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 September 19, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $1.75 from $2.75. Previously, Wells Fargo upgraded its rating to Overweight on December 20, 2023, and elevated its price target to $2.75. On July 08, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $1.50 on the stock. Barrington Research upgraded its rating to a Outperform but stick to its price target of $5 on November 11, 2021. Citigroup downgraded its rating to a Neutral. In a note dated October 19, 2020, JP Morgan downgraded an Underweight rating on this stock.
For the past year, the stock price of Clear Channel Outdoor Holdings Inc. fluctuated between $1.04 and $2.06. 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 $1.59 at the most recent close of the market. An investor can expect a potential return of 104.4% 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 2.20B for trailing twelve months, which represents an -12.35% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 1.5333 points at the first support level, and at 1.4767 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6333, and for the 2nd resistance point, it is at 1.6767.
Ratios To Look Out For
It is important to note that Clear Channel Outdoor Holdings Inc. [NYSE:CCO] has a current ratio of 1.02. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 0.35.
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.
