In the latest trading session,, 0.53 million Clear Channel Outdoor Holdings Inc (NYSE:CCO) shares changed hands as the company’s beta touched 2.53. With the company’s most recent per share price at $0.88 changing hands around $0.03 or 3.85% at last look, the market valuation stands at $432.57M. CCO’s current price is a discount, trading about -113.64% off its 52-week high of $1.88. The share price had its 52-week low at $0.81, which suggests the last value was 7.95% up since then. When we look at Clear Channel Outdoor Holdings Inc’s average trading volume, we note the 10-day average is 2.82 million shares, with the 3-month average coming to 1.67 million.
Analysts gave the Clear Channel Outdoor Holdings Inc (CCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CCO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Clear Channel Outdoor Holdings Inc’s EPS for the current quarter is expected to be 0.
Clear Channel Outdoor Holdings Inc (NYSE:CCO) trade information
Instantly CCO is in green as seen in intraday trades today. With action -20.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -35.57%, with the 5-day performance at -20.48% in the red. However, in the 30-day time frame, Clear Channel Outdoor Holdings Inc (NYSE:CCO) is -27.65% down. Looking at the short shares, we see there were 34.77 million shares sold at short interest cover period of 19.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.25, meaning bulls need an upside of 72.92% from its recent market value. According to analyst projections, CCO’s forecast low is 3.25 with 3.25 as the target high. To hit the forecast high, the stock’s price needs a -269.32% plunge from its current level, while the stock would need to soar -269.32% for it to hit the projected low.
Clear Channel Outdoor Holdings Inc (CCO) estimates and forecasts
Year-over-year growth is forecast to reach 4.94% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 337.22M. 5 analysts are of the opinion that Clear Channel Outdoor Holdings Inc’s revenue for the current quarter will be 396.59M. The company’s revenue for the corresponding quarters a year ago was 481.75M and 558.54M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -30.00%. The estimates for the next quarter sales put growth at -29.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.67%. The 2025 estimates are for Clear Channel Outdoor Holdings Inc earnings to increase by 49.35%, but the outlook for the next 5-year period is at 64.61% per year.
Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.29% of Clear Channel Outdoor Holdings Inc shares while 84.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.19%. There are 84.52% institutions holding the Clear Channel Outdoor Holdings Inc stock share, with ALLIANZ ASSET MANAGEMENT GMBH the top institutional holder. As of 2024-06-30, the company held 21.6778% of the shares, roughly 104.86 million CCO shares worth $147.85 million.
ARES MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 11.4231% or 55.83 million shares worth $78.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were PIMCO Funds-PIMCO Income Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 50.86 shares estimated at $44.03 million under it, the former controlled 10.38% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.00% of the shares, roughly 9.78 shares worth around $8.46 million.
