In today’s recent session, 0.62 million shares of the Clear Channel Outdoor Holdings Inc (NYSE:CCO) have been traded, and its beta is 2.56. Most recently the company’s share price was $0.96, and it changed around -$0.07 or -6.75% from the last close, which brings the market valuation of the company to $470.70M. CCO at last check was trading at a discount to its 52-week high of $1.88, offering almost -95.83% off that amount. The share price’s 52-week low was $0.81, which indicates that the recent value has risen by an impressive 15.62% since then. We note from Clear Channel Outdoor Holdings Inc’s average daily trading volume that its 10-day average is 3.3 million shares, with the 3-month average coming to 1.70 million.
Clear Channel Outdoor Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CCO as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Clear Channel Outdoor Holdings Inc is expected to report earnings per share of 0 for the current quarter.
Clear Channel Outdoor Holdings Inc (NYSE:CCO) trade information
Instantly CCO has been showing red trend so far today with a performance of -6.75% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0600 on recent trading dayincreased the stock’s daily price by 9.43%. The company’s shares are currently down -29.89% year-to-date, but still up 6.72% over the last five days. On the other hand, Clear Channel Outdoor Holdings Inc (NYSE:CCO) is -16.48% down in the 30-day period. We can see from the shorts that 35.8 million shares have been sold at a short interest cover period of 19.04 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 70.46% 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
The year-over-year growth rate is expected to be 3.59%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 337.22M in revenue for the current quarter. 5 analysts expect Clear Channel Outdoor Holdings Inc to make 390.79M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 481.75M and 558.54M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -30.00%. Forecasts for the next quarter put sales growth at -30.03%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.67%. Clear Channel Outdoor Holdings Inc earnings are expected to increase by 39.20% in 2025, but the outlook is positive 45.72% 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 2025-Feb-23.
Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.63% of Clear Channel Outdoor Holdings Inc shares, and 83.34% of them are in the hands of institutional investors. The stock currently has a share float of 101.18%. Clear Channel Outdoor Holdings Inc stock is held by 231.0 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 11.4231% or 55.83 million shares worth $78.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
PIMCO Funds-PIMCO Income Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 50.86 shares worth $48.52 million, making up 10.24% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 9.78 shares worth around $9.33 million, which represents about 1.97% of the total shares outstanding.
