NYSE:CCO

Clear Channel Outdoor - CCO Stock Forecast, Price & News

$1.01

-0.01 (-0.98%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $1.00
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$1.04
50-Day Range: $0.96
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$1.72
52-Week Range: $0.91
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$4.10

Volume: 597,353 shs
Average Volume: 2.68 million shs
Market Capitalization: $480.82 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.02

Clear Channel Outdoor MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 100.0% Upside
$2.02 Price Target
Short Interest: Bearish
7.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.28
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$2.71 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.25) to ($0.10) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Business Services Sector

277th out of 320 stocks

Advertising Industry

7th out of 10 stocks

3.0

Analyst's Opinion

Consensus Rating
Clear Channel Outdoor has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.02, Clear Channel Outdoor has a forecasted upside of 100.0% from its current price of $1.01.
Amount of Analyst Coverage
Clear Channel Outdoor has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.16% of the float of Clear Channel Outdoor has been sold short.
Short Interest Ratio / Days to Cover
Clear Channel Outdoor has a short interest ratio ("days to cover") of 15.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Clear Channel Outdoor has recently decreased by 3.07%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Clear Channel Outdoor does not currently pay a dividend.
Dividend Growth
Clear Channel Outdoor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CCO.

1.8

News and Social Media Coverage

News Sentiment
Clear Channel Outdoor has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Clear Channel Outdoor this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for CCO on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Clear Channel Outdoor to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Clear Channel Outdoor insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,706,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.90% of the stock of Clear Channel Outdoor is held by insiders.
Percentage Held by Institutions
96.70% of the stock of Clear Channel Outdoor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Clear Channel Outdoor are expected to grow in the coming year, from ($0.25) to ($0.10) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Clear Channel Outdoor is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Clear Channel Outdoor is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Clear Channel Outdoor (NYSE:CCO) Stock

Clear Channel Outdoor Holdings, Inc. owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas and Europe. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanical devices and moving parts, and other embellishments; wallscape, a display that drapes over or is suspended from the sides of buildings or other structures. It also provides street furniture equipment, cleaning and maintenance services, operation of public bike programs, and production services; and a public bicycle rental program, which offers bicycles for rent to the general public in various municipalities. As of December 31, 2021, it owned or operated approximately 69,000 advertising displays in the Americas; and 430,000 advertising displays in Europe. The company was formerly known as Eller Media Company and changed its name to Clear Channel Outdoor Holdings, Inc. in August 2005. Clear Channel Outdoor Holdings, Inc. was founded in 1901 and is headquartered in San Antonio, Texas.

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CCO Stock News Headlines

December 8, 2022 | finance.yahoo.com

Clear Channel Outdoor, No Kid Hungry Kick Off Holiday Campaign to Ensure Kids Have Access to Healthy Meals

December 3, 2022 | americanbankingnews.com

Clear Channel Outdoor (NYSE:CCO) Stock Price Down 5.8%

December 2, 2022 | americanbankingnews.com

Clear Channel Outdoor (NYSE:CCO) Trading Up 8.8%

November 30, 2022 | seekingalpha.com

Clear Channel Outdoor: A Speculative Play Facing Headwinds

November 29, 2022 | finance.yahoo.com

The past five years for Clear Channel Outdoor Holdings (NYSE:CCO) investors has not been profitable

November 15, 2022 | finance.yahoo.com

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. TO PARTICIPATE IN THE BofA SECURITIES LEVERAGED FINANCE CONFERENCE 2022

November 8, 2022 | seekingalpha.com

Clear Channel Outdoor Holdings, Inc. (CCO) Q3 2022 Earnings Call Transcript

November 8, 2022 | finance.yahoo.com

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REPORTS RESULTS FOR THE THIRD QUARTER OF 2022

November 3, 2022 | msn.com

Looking Into Clear Channel Outdoor's Return On Invested Capital

November 3, 2022 | finance.yahoo.com

Will Integral Ad Science (IAS) Report Negative Earnings Next Week? What You Should Know

November 1, 2022 | finance.yahoo.com

Clear Channel Outdoor (CCO) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

November 1, 2022 | finance.yahoo.com

USO, Clear Channel Outdoor Encourage Recognition & Support to Deployed Service Members in Nationwide Campaign

October 11, 2022 | nasdaq.com

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) insiders made a handsome profit after selling stock presently valued at US$1.60 apiece for US$3.72

October 10, 2022 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At Clear Channel Outdoor Holdings (NYSE:CCO)

October 7, 2022 | finance.yahoo.com

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. ANNOUNCES DATE FOR 2022 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

October 4, 2022 | finance.yahoo.com

PenFed Credit Union Marketing Campaign Takes Over Concourse C Connector at Washington Dulles International Airport Greeting Millions as Travel Soars & Capital Region Grows

September 29, 2022 | finance.yahoo.com

Digital Billboards Across Country Will Share the Tremendous Work Afterschool Programs are Doing to Boost Students, Families, and Communities

September 21, 2022 | finance.yahoo.com

Clear Channel Outdoor Hires Ad Veteran Chris Pezzello as Chicago Market President

September 14, 2022 | morningstar.com

Clear Channel Outdoor Holdings Inc Ordinary Shares

September 14, 2022 | seekingalpha.com

Clear Channel Outdoor: Scaled Player With Improving Growth And Profit Profile

September 8, 2022 | finance.yahoo.com

Clear Channel Outdoor Holdings, Inc. to Outline Growth Drivers and Long-Term Strategy During First Investor Day

August 14, 2022 | nasdaq.com

Clear Channel Outdoor Holdings' (NYSE:CCO) Returns On Capital Are Heading Higher

August 13, 2022 | seekingalpha.com

Clear Channel Outdoor Holdings Inc (CCO) CEO Scott Wells on Q2 2022 Results - Earnings Call Transcript

August 12, 2022 | finance.yahoo.com

When Will Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Breakeven?

August 11, 2022 | finance.yahoo.com

William Morris Endeavor Entertainment, LLC -- Moody's announces completion of a periodic review for a group of Media and Leisure issuers

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30 days | 90 days | 365 days | Advanced Chart

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CCO Company Calendar

Last Earnings: 11/08/2022
Today: 12/08/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/23/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Advertising
Sub-Industry: Advertising
Sector: Business Services
Current Symbol: NYSE:CCO
CUSIP: 18451C10
CIK: 1334978
Web: www.clearchanneloutdoor.com
Phone: (210) 547-8800
Fax: 1-302-655-5049
Employees: 4,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.02
High Stock Price Forecast: $3.50
Low Stock Price Forecast: $1.10
Forecasted Upside/Downside: +100.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-433,820,000.00
Net Margins: -5.22%
Pretax Margin: -5.05%
Return on Equity: N/A
Return on Assets: -1.67%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.95
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $2.24 billion
Price / Sales: 0.21
Cash Flow: $0.27 per share
Price / Cash Flow: 3.80
Book Value: ($6.78) per share
Price / Book: -0.15

Miscellaneous

Outstanding Shares: 476,055,000
Free Float: 467,010,000
Market Cap: $480.82 million
Optionable: Optionable
Beta: 2.31

Key Executives

Mr. Scott R. Wells (Age 53)
CEO, Pres & Director
Comp: $2.57M

Mr. Christopher William Eccleshare (Age 66)
Exec. Vice Chairman
Comp: $4.29M

Mr. Brian D. Coleman (Age 56)
Exec. VP, Treasurer & CFO
Comp: $1.76M

Mr. Jason A. Dilger (Age 48)
Sr. VP & Chief Accounting Officer
Comp: $777.68k

Ms. Lynn A. Feldman (Age 53)
Exec. VP, Gen. Counsel & Company Sec.
Comp: $1.65M

Mr. Steven J. Macri (Age 53)
Sr. VP of Corp. Fin.

Ms. Eileen McLaughlin
VP Investor Relations

Mr. Jason D. King
Sr. VP of Corp. Communications & Marketing

Mr. Philippe Baudillon
Chief Exec. Officer of France Operations

Ms. Michelle Costa
Exec. VP & Regional Pres

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCO Stock - Frequently Asked Questions

Should I buy or sell Clear Channel Outdoor stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last twelve months. There are currently 3 hold ratings 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.
View CCO analyst ratings or view top-rated stocks.
What is Clear Channel Outdoor's stock price forecast for 2023?: 3 Wall Street analysts have issued 1 year target prices for Clear Channel Outdoor's shares. Their CCO share price forecasts range from $1.10 to $3.50. On average, they anticipate the company's share price to reach $2.02 in the next twelve months. This suggests a possible upside of 100.0% from the stock's current price.
View analysts price targets for CCO or view top-rated stocks among Wall Street analysts.
How have CCO shares performed in 2022?: Clear Channel Outdoor's stock was trading at $3.31 at the start of the year. Since then, CCO stock has decreased by 69.5% and is now trading at $1.01.
View the best growth stocks for 2022 here.
When is Clear Channel Outdoor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CCO earnings forecast.
How were Clear Channel Outdoor's earnings last quarter?: Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) released its quarterly earnings data on Tuesday, November, 8th. The business services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.05. The business services provider had revenue of $602.91 million for the quarter, compared to the consensus estimate of $602.35 million.
What guidance has Clear Channel Outdoor issued on next quarter's earnings?: Clear Channel Outdoor updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $740.00 million-$765.00 million, compared to the consensus revenue estimate of $712.57 million.

What is Scott Wells' approval rating as Clear Channel Outdoor's CEO?: 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.
What other stocks do shareholders of Clear Channel Outdoor own?: 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).
What is Clear Channel Outdoor's stock symbol?: Clear Channel Outdoor trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCO."
Who are Clear Channel Outdoor's major shareholders?: Clear Channel Outdoor's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.95%), BlackRock Inc. (6.60%), State Street Corp (1.74%), Nuveen Asset Management LLC (1.03%), Flight Deck Capital LP (1.00%) and Zazove Associates LLC (1.00%). Insiders that own company stock include Ares Management Llc, Jason Dilger, Lisa Hammitt, Pacific Investment Management and Scott Wells.
View institutional ownership trends.
How do I buy shares of Clear Channel Outdoor?: 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.
Compare Top Brokerages Here.
What is Clear Channel Outdoor's stock price today?: One share of CCO stock can currently be purchased for approximately $1.01.
How much money does Clear Channel Outdoor make?: Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $480.82 million and generates $2.24 billion in revenue each year. The business services provider earns $-433,820,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis.
How many employees does Clear Channel Outdoor have?: The company employs 4,600 workers across the globe.
How can I contact Clear Channel Outdoor?: 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.

This page (NYSE:CCO) was last updated on 12/8/2022 by MarketBeat.com Staff

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