Currently, there are 483.06M common shares owned by the public and among those 418.47M shares have been available to trade.
However, the script later moved the day high at 1.6300, up 0.65%. The company’s stock has a 5-day price change of -9.30% and -6.02% over the past three months. CCO shares are trading -14.29% year to date (YTD), with the 12-month market performance up to 43.12% higher. It has a 12-month low price of $0.99 and touched a high of $2.06 over the same period. CCO has an average intraday trading volume of 2.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.40%, -9.72%, and 3.35% respectively.
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Institutional ownership of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) shares accounts for 88.88% of the company’s 483.06M shares outstanding.
It has a market capitalization of $754.60M and a beta (3y monthly) value of 2.90. The earnings-per-share (ttm) stands at -$0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.81% over the week and 7.45% over the month.
Analysts forecast that Clear Channel Outdoor Holdings Inc. (CCO) will achieve an EPS of -$0.17 for the current quarter, -$0.05 for the next quarter and -$0.14 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.2 while analysts give the company a high EPS estimate of -$0.16. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 65.59%, and 41.64% over the next financial year. EPS should shrink at an annualized rate of 7.00% over the next five years, compared to 8.15% over the past 5-year period.
Looking at the support for the CCO, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 20, 2023, with the firm’s price target at $1.50-$2.75. Wells Fargo coverage for the Clear Channel Outdoor Holdings Inc. (CCO) stock in a research note released on July 08, 2022 offered a Equal Weight rating with a price target of $1.50. Morgan Stanley on their part issued Equal-Weight rating on November 02, 2020.
