Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shares traded -3.07% lower at $1.58 on Wall Street last session.
CCO stock price is now -8.37% away from the 50-day moving average and 4.47% away from the 200-day moving average. The market capitalization of the company currently stands at $764.28M.
With the price target enhanced from $1.50 to $2.75, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Clear Channel Outdoor Holdings Inc. (NYSE: CCO). On July 08, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $4 to quote $1.50, while ‘Barrington Research’ rates the stock as ‘Outperform’
A total of 13.49% of the company’s stock is owned by insiders.
During the past 12 months, Clear Channel Outdoor Holdings Inc. has had a low of $0.99 and a high of $2.06. The fifty day moving average price for CCO is $1.7210 and a two-hundred day moving average price translates $1.5136 for the stock.
The latest earnings results from Clear Channel Outdoor Holdings Inc. (NYSE: CCO) was released for Dec, 2023. According to the Advertising Agencies Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.04 by 0.01. This compares to -$0.06 EPS in the same period last year. The company reported revenue of $417.68 million for the quarter, compared to $341.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.27 percent. For the current quarter, analysts expect CCO to generate $478.55M in revenue.
Clear Channel Outdoor Holdings Inc.(CCO) Company Profile
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.
