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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last twelve months. 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 Wall Street research 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 expect the company's stock price to reach $1.66 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for CCO or view top-rated stocks among Wall Street analysts.

Clear Channel Outdoor's stock was trading at $1.05 at the beginning of the year. Since then, CCO stock has increased by 42.9% and is now trading at $1.50.
View the best growth stocks for 2023 here.

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 currently 17.5 days. Currently, 10.0% of the shares of the company 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) issued its earnings results on Monday, August, 7th. The business services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.02. The business services provider earned $637.20 million during the quarter, compared to analysts' expectations of $636.37 million. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company 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 EPS 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."

Clear Channel Outdoor's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.80%), Charles Schwab Investment Management Inc. (2.59%), Geode Capital Management LLC (1.74%), State Street Corp (1.72%), JPMorgan Chase & Co. (1.53%) and Brigade Capital Management LP (1.53%). 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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One share of CCO stock can currently be purchased for approximately $1.50.

Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $724.37 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.