Clear Channel Outdoor (CCO) Stock Price, News & Analysis

Company Overview

Clear Channel Outdoor Holdings, Inc. operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays. It offers solutions, such as RADARView, an audience and campaign planning tool, which analyzes historical mobile location data; RADARConnect, a campaign amplification solution that delivers ads across mobile and other devices to re-target audience groups exposed to an out-of-home advertisement; RADARProof, a campaign measurement and attribution solutions which analyzes anonymized and/or aggregated data; and RADARSync, a data integration platform that uses customer data across the tools for customized application of solutions to customers' specific audience targets and goals. In addition, the company sells street furniture equipment; provides cleaning and maintenance services; and operates public bike programs, a public bicycle rental program that offers bicycles for rent to the public. The company was formerly known as Eller Media Company and changed its name to Clear Channel Outdoor Holdings, Inc. in August 2005. Clear Channel Outdoor Holdings, Inc. was incorporated in 1995 and is headquartered in San Antonio, Texas.

Key Stats

• Today's Range: $1.53 to $1.57
• 50-Day Range: $1.41 to $1.71
• 52-Week Range: $1.26 to $2.06
• Volume: 550,626 shs
• Average Volume: 1.60 million shs
• Market Capitalization: $760.52 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.16
• Consensus Rating: Moderate Buy

Clear Channel Outdoor Stock Analysis - MarketRank™

Clear Channel Outdoor scored higher than 56% of companies evaluated by MarketBeat, and ranked 162nd out of 328 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Clear Channel Outdoor has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Clear Channel Outdoor has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Clear Channel Outdoor are expected to grow in the coming year, from ($0.30) to ($0.14) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clear Channel Outdoor is -5.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clear Channel Outdoor is -5.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.40% of the float of Clear Channel Outdoor has been sold short.

Short Interest Ratio / Days to Cover

Clear Channel Outdoor has a short interest ratio ("days to cover") of 18.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Clear Channel Outdoor has recently decreased by 5.21%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Clear Channel Outdoor does not currently pay a dividend.

Dividend Growth

Clear Channel Outdoor does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.40% of the float of Clear Channel Outdoor has been sold short.

Short Interest Ratio / Days to Cover

Clear Channel Outdoor has a short interest ratio ("days to cover") of 18.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Clear Channel Outdoor has recently decreased by 5.21%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.70

News Sentiment

Clear Channel Outdoor has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Clear Channel Outdoor this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for CCO on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Clear Channel Outdoor to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Clear Channel Outdoor insiders have bought more of their company's stock than they have sold. Specifically, they have bought $362,500.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.53% of the stock of Clear Channel Outdoor is held by insiders.

Percentage Held by Institutions

85.52% of the stock of Clear Channel Outdoor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCO Stock Analysis - Frequently Asked Questions

How have CCO shares performed this year?

Clear Channel Outdoor's stock was trading at $1.82 at the beginning of 2024. Since then, CCO stock has decreased by 14.6% and is now trading at $1.5550.
View the best growth stocks for 2024 here.

How were Clear Channel Outdoor's earnings last quarter?

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) released its quarterly earnings data on Thursday, May, 9th. The business services provider reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.01. The business services provider earned $481.75 million during the quarter, compared to analyst estimates of $480.69 million.

Who are Clear Channel Outdoor's major shareholders?

Top institutional investors of Clear Channel Outdoor include Anson Funds Management LP (3.56%), State Street Corp (1.69%), Geode Capital Management LLC (1.60%) and Charles Schwab Investment Management Inc. (1.28%). Insiders that own company stock include Pacific Investment Management, Ares Management Llc, Arturo R Moreno and Lisa Hammitt.
View institutional ownership trends.

How do I buy shares of Clear Channel Outdoor?

Shares of CCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Clear Channel Outdoor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clear Channel Outdoor investors own include DiamondRock Hospitality (DRH), Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), The RMR Group (RMR), Voyager Therapeutics (vygr) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Advertising
• Sub-Industry: Advertising
• Current Symbol: NYSE:CCO
• CUSIP: 18451C10
• CIK: 1334978
• Web: www.clearchanneloutdoor.com
• Phone: (210) 547-8800
• Fax: 1-302-655-5049
• Employees: 3,900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.16
• High Stock Price Target: $2.50
• Low Stock Price Target: $1.75
• Potential Upside/Downside: +39.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-310,920,000.00
• Net Margins: -6.12%
• Pretax Margin: -6.92%
• Return on Equity: N/A
• Return on Assets: -2.70%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.00
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $2.23 billion
• Price / Sales: 0.34
• Cash Flow: $0.06 per share
• Price / Cash Flow: 24.53
• Book Value: ($6.98) per share
• Price / Book: -0.22

Miscellaneous

• Outstanding Shares: 489,078,000
• Free Float: 453,864,000
• Market Cap: $760.52 million
• Optionable: Optionable
• Beta: 3.08