rts logo

Clear Channel Outdoor Holdings Inc. (CCO) Analysis & Forecast for 2024

Clear Channel Outdoor Holdings Inc. (NYSE: CCO) is -9.34% lower on its value in year-to-date trading and has touched a low of $0.99 and a high of $2.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCO stock was last observed hovering at around $1.61 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $1.65, the stock is 1.41% and -3.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 2.48% at the moment leaves the stock 7.97% off its SMA200. CCO registered 54.21% gain for a year compared to 6-month gain of 35.25%. The firm has a 50-day simple moving average (SMA 50) of $3.63 and a 200-day simple moving average (SMA200) of $15.28.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a -5.17% loss in the last 1 month and extending the period to 3 months gives it a -2.94%, and is 2.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.28% over the week and 5.14% over the month.

Clear Channel Outdoor Holdings Inc. (CCO) has around 3900 employees, a market worth around $798.14M and $2.34B in sales. Profit margin for the company is -12.83%. Distance from 52-week low is 66.67% and -19.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.60%).

Clear Channel Outdoor Holdings Inc. quarterly earnings per share for the current quarter are estimated at -$0.17 with sales reaching $478.55M over the same period.The EPS is expected to grow by 65.59% this year, but quarterly earnings will post 5.70% year-over-year. Quarterly sales are estimated to shrink -12.30% in year-over-year returns.

Clear Channel Outdoor Holdings Inc. (CCO) Top Institutional Holders

210 institutions hold shares in Clear Channel Outdoor Holdings Inc. (CCO), with institutional investors hold 102.32% of the company’s shares. The shares outstanding are 483.06M, and float is at 418.87M with Short Float at 5.71%. Institutions hold 88.84% of the Float.

The top institutional shareholder in the company is Allianz Asset Management GmbH with over 104.87 million shares valued at $143.68 million. The investor’s holdings represent 21.72% of the CCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Ares Management LLC with 55.83 million shares valued at $76.49 million to account for 11.56% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 43.39 million shares representing 8.99% and valued at over $59.45 million, while Blackrock Inc. holds 5.79% of the shares totaling 27.98 million with a market value of $38.34 million.

Related Posts