Clear Channel Outdoor - CCO Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last year. There are currently 3 hold ratings 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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3 analysts have issued 12 month price targets for Clear Channel Outdoor's stock. Their CCO share price forecasts range from $1.10 to $3.50. On average, they expect the company's share price to reach $2.02 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
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Clear Channel Outdoor's stock was trading at $1.05 on January 1st, 2023. Since then, CCO stock has increased by 81.9% and is now trading at $1.91.
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Clear Channel Outdoor saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 33,080,000 shares, an increase of 7.6% from the December 15th total of 30,730,000 shares. Based on an average daily trading volume, of 2,000,000 shares, the short-interest ratio is presently 16.5 days. Approximately 7.1% of the shares of the company are short sold.
View Clear Channel Outdoor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CCO earnings forecast.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) announced its quarterly earnings results on Tuesday, November, 8th. The business services provider reported ($0.08) EPS 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 analyst estimates of $602.35 million.

Clear Channel Outdoor issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share 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.

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 shareholders include Zazove Associates LLC (1.04%), Assenagon Asset Management S.A. (0.56%), International Assets Investment Management LLC (0.02%) and Concourse Financial Group Securities Inc. (0.00%). 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 $1.91.

Clear Channel Outdoor (NYSE:CCO) has a market capitalization of $909.26 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.

The company employs 4,600 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.