Clear Channel Outdoor (CCO) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCO, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month price objectives for Clear Channel Outdoor's shares. Their CCO share price forecasts range from $1.25 to $2.50. On average, they anticipate the company's share price to reach $1.66 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
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Clear Channel Outdoor's stock was trading at $1.05 at the beginning of the year. Since then, CCO stock has increased by 51.0% and is now trading at $1.5850.
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Clear Channel Outdoor saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 44,360,000 shares, an increase of 7.0% from the July 31st total of 41,440,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is presently 17.5 days. Approximately 10.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CCO earnings forecast.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) posted its quarterly earnings results on Monday, August, 7th. The business services provider reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by $0.02. The business services provider had revenue of $637.20 million for the quarter, compared to analysts' expectations of $636.37 million. Clear Channel Outdoor's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share.

Clear Channel Outdoor issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $570.00 million-$600.00 million, compared to the consensus revenue estimate of $624.71 million.

75 employees have rated Clear Channel Outdoor Chief Executive Officer Scott Wells on Glassdoor.com. Scott Wells has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Clear Channel Outdoor investors own include Bionano Genomics (BNGO), Matinas BioPharma (MTNB), Energy Transfer (ET), CBL & Associates Properties (CBL), EnLink Midstream (ENLC), Zosano Pharma (ZSAN), Acasti Pharma (ACST), TherapeuticsMD (TXMD), Washington Prime Group (WPG) and Permian Resources (CDEV).

Clear Channel Outdoor trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCO."

Shares of CCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCO stock can currently be purchased for approximately $1.59.

Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $765.41 million and generates $2.48 billion in revenue each year. The business services provider earns $-96,600,000.00 in net income (profit) each year or ($0.02) on an earnings per share basis.

The company employs 4,700 workers across the globe.

Clear Channel Outdoor's mailing address is 4830 North Loop 1604 West Suite 111, San Antonio TX, 78249. The official website for the company is www.clearchanneloutdoor.com. The business services provider can be reached via phone at (210) 547-8800, via email at investorrelations@clearchannel.com, or via fax at 1-302-655-5049.