Clear Channel Outdoor Holdings Inc. [CCO] stock prices are up 0.62% to $1.62 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 2.53% over the last week, with a monthly amount glided 1.89%, 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 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.
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 $1.62 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
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 1.5967 points at the first support level, and at 1.5733 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6467, and for the 2nd resistance point, it is at 1.6733.
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 0.36.
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.
