Clear Channel Outdoor Stock Price, News & Analysis (NYSE:CCO)

3 Wall Street equities research 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 equities research 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 brokerages have issued 1-year target prices for Clear Channel Outdoor's shares. Their CCO share price targets range from $1.40 to $2.50. On average, they expect the company's share price to reach $1.80 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Clear Channel Outdoor's stock was trading at $1.05 at the start of the year. Since then, CCO stock has increased by 57.1% and is now trading at $1.65.
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Clear Channel Outdoor saw a decrease in short interest in November. As of November 15th, there was short interest totaling 31,300,000 shares, a decrease of 5.9% from the October 31st total of 33,250,000 shares. Based on an average daily trading volume, of 3,960,000 shares, the days-to-cover ratio is currently 7.9 days. Approximately 7.4% of the shares of the stock are sold short.
View Clear Channel Outdoor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) released its quarterly earnings results on Wednesday, November, 8th. The business services provider reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by $0.03. The business services provider earned $526.79 million during the quarter, compared to analyst estimates of $596.79 million.

Clear Channel Outdoor updated its fourth quarter 2023 earnings guidance on Wednesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $591.00 million-$618.00 million, compared to the consensus revenue estimate of $700.43 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Legion Partners Asset Management LLC (5.49%), Morgan Stanley (3.77%), JPMorgan Chase & Co. (3.09%), Charles Schwab Investment Management Inc. (2.35%), Rubric Capital Management LP (1.39%) and Flight Deck Capital LP (1.00%). Insiders that own company stock include Ares Management Llc, Jason Dilger, Lisa Hammitt and Pacific Investment Management.
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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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