The stock of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) last traded at $1.57, up 1.95% from the previous session.
CCO stock price is now -7.35% away from the 50-day moving average and 2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $759.44M.
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’
In other news, PACIFIC INVESTMENT MANAGEMENT, 10% Owner sold 12,584 shares of the company’s stock on Apr 10 ’24. The stock was sold for $19,505 at an average price of $1.55. Upon completion of the transaction, the 10% Owner now directly owns 104,859,957 shares in the company, valued at $164.63 million. A total of 13.41% 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 $1.6900 and a two-hundred day moving average price translates $1.5344 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.
