Clear Channel Outdoor - CCO Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last year. There are currently 3 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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4 analysts have issued 12 month price targets for Clear Channel Outdoor's shares. Their CCO share price forecasts range from $1.50 to $3.50. On average, they expect the company's share price to reach $2.18 in the next year. This suggests a possible upside of 98.2% 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 4.8% and is now trading at $1.10.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) posted its quarterly earnings results on Monday, November, 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.01. The business services provider had revenue of $596.42 million for the quarter, compared to the consensus estimate of $586.01 million. During the same period last year, the business earned ($0.29) earnings per share.

ETFs with the largest weight of Clear Channel Outdoor (NYSE:CCO) stock in their portfolio include Vanguard Communication Services Index Fund (VOX).Fidelity MSCI Communication Services Index ETF (FCOM).

Clear Channel Outdoor issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $540.00 million-$565.00 million, compared to the consensus revenue estimate of $533.76 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 investors include Ares Management LLC (10.43%), Legion Partners Asset Management LLC (4.26%), Morgan Stanley (3.84%), Charles Schwab Investment Management Inc. (2.62%), Geode Capital Management LLC (1.62%) and Franklin Resources Inc. (1.58%). Insiders that own company stock include Ares Management Llc, Jason Dilger, Lisa Hammitt, Pacific Investment Management and Scott Wells.
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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 $1.10.

Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $525.18 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 ($0.20) 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.