Currently, there are 488.95M common shares owned by the public and among those 345.85M shares have been available to trade.
The company’s stock has a 5-day price change of -4.14% and -12.03% over the past three months. CCO shares are trading -23.63% year to date (YTD), with the 12-month market performance down to -24.04% lower. It has a 12-month low price of $1.29 and touched a high of $2.06 over the same period. CCO has an average intraday trading volume of 1.43 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 -7.21%, -9.63%, and -9.20% respectively.
Institutional ownership of Clear Channel Outdoor Holdings Inc (NYSE: CCO) shares accounts for 72.26% of the company’s 488.95M shares outstanding.
It has a market capitalization of $679.82M and a beta (3y monthly) value of 3.06. The earnings-per-share (ttm) stands at -$0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.93% over the week and 3.43% over the month.
Analysts forecast that Clear Channel Outdoor Holdings Inc (CCO) will achieve an EPS of 0.03 for the current quarter, 0 for the next quarter and -0.12 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.03 while analysts give the company a high EPS estimate of 0.03. Comparatively, EPS for the current quarter was 0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 51.15%, and 48.23% 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 Equal Weight rating for the stock in a research note on September 19, 2024, with the firm’s price target at $2.75-$1.75. Wells Fargo coverage for the Clear Channel Outdoor Holdings Inc (CCO) stock in a research note released on December 20, 2023 offered a Overweight rating with a price target of $2.75. Wells Fargo was of a view on July 08, 2022 that the stock is Equal Weight, while Barrington Research gave the stock Outperform rating on November 11, 2021, issuing a price target of $5. Citigroup on their part issued Neutral rating on January 05, 2021.
