In today’s recent session, 0.66 million shares of the Clear Channel Outdoor Holdings Inc. (NYSE:CCO) have been traded, and its beta is 3.07. Most recently the company’s share price was $1.71, and it changed around $0.01 or 0.29% from the last close, which brings the market valuation of the company to $833.66M. CCO at last check was trading at a discount to its 52-week high of $2.06, offering almost -20.47% off that amount. The share price’s 52-week low was $1.04, which indicates that the recent value has risen by an impressive 39.18% since then. We note from Clear Channel Outdoor Holdings Inc.’s average daily trading volume that its 10-day average is 1.51 million shares, with the 3-month average coming to 1.92 million.
Clear Channel Outdoor Holdings Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended CCO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
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Clear Channel Outdoor Holdings Inc. (NYSE:CCO) trade information
Instantly CCO has been showing a green trend so far today with a performance of 0.29% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.7200 on recent trading dayincreased the stock’s daily price by 0.58%. The company’s shares are currently down -6.32% year-to-date, but still up 10.00% over the last five days. On the other hand, Clear Channel Outdoor Holdings Inc. (NYSE:CCO) is 18.40% up in the 30-day period. We can see from the shorts that 31.64 million shares have been sold at a short interest cover period of 17.21 day(s).
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 47.38% from its current value. Analyst projections state that CCO is forecast to be at a low of $3.25 and a high of $3.25.
Clear Channel Outdoor Holdings Inc. (CCO) estimates and forecasts
Clear Channel Outdoor Holdings Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.00 percent over the past six months and at a 55.38% annual growth rate that is well above the industry average of 5.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.15%. Clear Channel Outdoor Holdings Inc. earnings are expected to increase by 57.41% in 2024, but the outlook is positive 7.00% per year for the next five years.
CCO Dividends
Clear Channel Outdoor Holdings Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Clear Channel Outdoor Holdings Inc. (NYSE:CCO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.14% of Clear Channel Outdoor Holdings Inc. shares, and 86.07% of them are in the hands of institutional investors. The stock currently has a share float of 102.64%. Clear Channel Outdoor Holdings Inc. stock is held by 219.0 institutions, with ALLIANZ ASSET MANAGEMENT GMBH being the largest institutional investor. By 2024-06-30, it held 21.6778% of the shares, which is about 104.86 million shares worth $147.85 million.
ARES MANAGEMENT LLC, with 11.5416% or 55.83 million shares worth $78.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
