Clear Channel Outdoor Holdings Inc (NYSE:CCO) has a beta value of 3.10 and has seen 2.38 million shares traded in the recent trading session. The company, currently valued at $765.40M, closed the recent trade at $1.57 per share which meant it gained $0.11 on the day or 7.19% during that session. The CCO stock price is -31.21% off its 52-week high price of $2.06 and 30.57% above the 52-week low of $1.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.49 million shares traded. The 3-month trading volume is 1.53 million shares.
The consensus among analysts is that Clear Channel Outdoor Holdings Inc (CCO) is Buy stock at the moment, with a recommendation rating of 2.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Clear Channel Outdoor Holdings Inc (NYSE:CCO) trade information
Sporting 7.19% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CCO stock price touched $1.57 or saw a rise of 2.48%. Year-to-date, Clear Channel Outdoor Holdings Inc shares have moved -14.01%, while the 5-day performance has seen it change 4.33%. Over the past 30 days, the shares of Clear Channel Outdoor Holdings Inc (NYSE:CCO) have changed 2.96%. Short interest in the company has seen 30.92 million shares shorted with days to cover at 17.82.
Wall Street analysts have a consensus price target for the stock at $3.25, which means that the shares’ value could jump 51.69% from the levels at last check today.. The projected low price target is $3.25 while the price target rests at a high of $3.25. In that case, then, we find that the latest price level in today’s session is -107.01% off the targeted high while a plunge would see the stock gain -107.01% from the levels at last check today..
Clear Channel Outdoor Holdings Inc (CCO) estimates and forecasts
Figures show that Clear Channel Outdoor Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 1.62% over the past 6 months, with this year growth rate of 55.38%, compared to 6.00% for the industry. Revenue growth from the last financial year stood is estimated to be 5.60%.
5 analysts offering their estimates for the company have set an average revenue estimate of 646.82M for the current quarter. 2 have an estimated revenue figure of 504.88M for the next ending quarter. Year-ago sales stood 632.11M and 481.75M respectively for this quarter and the next, and analysts expect sales will grow by 2.30% for the current quarter and 5.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 8.15% over the past 5 years. Earnings growth for 2024 is a modest 52.30% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
CCO Dividends
Clear Channel Outdoor Holdings Inc is expected to release its next earnings report on 2025-Feb-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s Major holders
Insiders own 16.88% of the company shares, while shares held by institutions stand at 86.10% with a share float percentage of 103.58%. Investors are also buoyed by the number of investors in a company, with Clear Channel Outdoor Holdings Inc having a total of 227.0 institutions that hold shares in the company. The top two institutional holders are ALLIANZ ASSET MANAGEMENT GMBH with over 104.86 million shares worth more than $147.85 million. As of 2024-06-30, ALLIANZ ASSET MANAGEMENT GMBH held 21.6778% of shares outstanding.
The other major institutional holder is ARES MANAGEMENT LLC, with the holding of over 55.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $78.72 million and represent 11.5416% of shares outstanding.
