Clear Channel Outdoor - CCO Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price objectives for Clear Channel Outdoor's stock. Their CCO share price forecasts range from $1.50 to $3.50. On average, they predict the company's share price to reach $2.18 in the next year. This suggests a possible upside of 105.7% 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 shares have increased by 1.0% and is now trading at $1.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our CCO earnings forecast.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) issued its quarterly earnings results on Monday, November, 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.01. The business services provider earned $596.42 million during the quarter, compared to analysts' expectations of $586.01 million. During the same period last year, the firm earned ($0.29) EPS.

Fidelity MSCI Communication Services Index ETF holds 243,095 shares of CCO stock, representing 0.08% of its portfolio.

Clear Channel Outdoor updated 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 retail and institutional 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 $1.06.

Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $506.09 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.