Currently, there are 490.91M common shares owned by the public and among those 338.77M shares have been available to trade.
The company’s stock has a 5-day price change of 7.14% and 7.14% over the past three months. CCO shares are trading -9.09% year to date (YTD), with the 12-month market performance down to -12.41% lower. It has a 12-month low price of $0.81 and touched a high of $1.88 over the same period. CCO has an average intraday trading volume of 2.31 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 6.15%, 9.39%, and -10.22% respectively.
Institutional ownership of Clear Channel Outdoor Holdings Inc (NYSE: CCO) shares accounts for 70.54% of the company’s 490.91M shares outstanding.
It has a market capitalization of $596.06M and a beta (3y monthly) value of 2.60. The earnings-per-share (ttm) stands at -$0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.20% over the week and 5.06% over the month.
Analysts forecast that Clear Channel Outdoor Holdings Inc (CCO) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 110.93%, and -442.80% over the next financial year. EPS should grow at an annualized rate of 36.63% over the next five years, compared to 20.67% over the past 5-year period.
Wells Fargo coverage for the Clear Channel Outdoor Holdings Inc (CCO) stock in a research note released on September 19, 2024 offered a Equal Weight rating with a price target of $1.75. Wells Fargo was of a view on December 20, 2023 that the stock is Overweight, while Wells Fargo gave the stock Equal Weight rating on July 08, 2022, issuing a price target of $4- $1.50. Barrington Research on their part issued Outperform rating on November 11, 2021.
