CCO - Clear Channel Outdoor Holdings, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
0.9395
+0.0475 (+5.33%)
As of 3:51PM EDT. Market open.
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Inside Bar (Bullish)

Inside Bar (Bullish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.8920
Open0.9138
Bid0.9100 x 1800
Ask0.9051 x 1100
Day's Range0.8700 - 0.9450
52 Week Range0.3600 - 4.6200
Volume2,145,599
Avg. Volume3,149,206
Market Cap439.033M
Beta (5Y Monthly)2.13
PE Ratio (TTM)N/A
EPS (TTM)-1.0920
Earnings DateAug 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.96
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Overvalued
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  • 3 “Strong Buy” Penny Stocks That Could See Outsized Gains
    TipRanks

    3 “Strong Buy” Penny Stocks That Could See Outsized Gains

    The market’s roller coaster week has some investor spooked, wondering if the recent bullish streak will hold. They can take heart from JPMorgan strategist Marko Kolanovic, who believes that the bull spirit isn’t gone, and that the S&P 500 will break out of the 250-point range it has been stuck in since early June. He doesn’t say that the massive gains of April and May will return, but Kolanovic does believe that the index will regain the all-time record levels it saw in mid-February.Kolanovic notes that equities are cheap for now, when compared to bonds, after the effects of the economic stimulus policies. He also points out that the risks – of a second corona wave, or a Joe Biden victory in November – are likely overstated, and that as hedge managers realize this, they will shift funds into the stock market. If the optimists are right, and markets are heading to record highs, then now is the time to prepare your portfolio.And this brings us to penny stocks, those low-cost equities priced below $5 per share – are a high-stakes opportunity with upsides that frequently approach several hundred percent and a low enough cost of entry to mitigate the attendant risk. These companies are priced low for a reason, but for those that break out, the rewards are tremendous.With this in mind, we’ve used the TipRanks database to pinpoint three penny stocks poised for sky-high gains. To minimize the risks, all three combine high ratings from Wall Street’s analysts, and a growth potential of 90% or higher.Pixelworks (PXLW)We’ll start with a player in the semiconductor industry. Pixelworks occupies an important niche in the chip sector. As its name suggests, Pixelworks’ semiconductor and software products are integral in video and pixel processing. The company also provides high-image-quality digital display and projection devices, and owns over 350 patents involved in digital visual display technology.The popularity of online video and streaming services gives a natural opening to company like Pixelworks. The company’s chips are used in several lines of smartphones, including some of Nokia’s new 5G devices.Pixelworks faced headwinds in Q1, due to the coronavirus impact on supply chains and sales networks. Earnings came in at a net loss, of 7 cents per share – but that was a significant beat of the 10-cent net loss forecast. The company was able to manage the headwinds during 1H20. Management reported a strong liquidity position, with over $20 million in cash and cash equivalents available. That number includes a $5.2 million draw from existing credit lines.Given the strength of its services and its $3.10 share price, several members of the Street believe that now is the time to pull the trigger.Roth Capital’s 5-star analyst Sujeeva De Silva states the clear path for Pixelworks going forward: “We believe PXLW represents a differentiated investment opportunity in video display processing capabilities... We believe PXLW nonmobile segments are being impacted in the outlook by continued inventory corrections and demand uncertainty, but expect benefit from mobile ramp through the CY20 timeframe…”De Silva gives PXLW a $6 price target to back his Buy rating. At current levels, this implies an upside of of nearly 95% for the stock. (To watch De Silva’s track record, click here)Wall Street is in agreement with this analysis. Over the last couple of months, PXLW has received nothing but "buy" ratings from Street analysts. With an average price target of $5.92 per share, PXLW could see it's shares rising nearly 92% over the next months. Inspired Entertainment (INSE)Gaming and betting have always made a perfect pair, and the second stock on our list, Inspired Entertainment, is a global gaming technology company. The company designs online games for server-based systems, offering casino-style games, virtual sports, and lottery games around the world. Inspired offers games and terminal for betting shops, pubs, and arcades, along with online digital games.The corona quarter, while challenging for companies across the board, brought a degree of opportunity to Inspired. The company’s online operations were strong, as the lockdown policies kept people at home – and looking for something to do. Online gaming was a natural fit for the time.Meanwhile, the company has been taking strides in its virtual sports segment. Inspired has entered agreements with DraftKings, the major online fantasy league provider, to expand the game options. the company also announced in June a similar agreement with Scientific Games.Against this backdrop, Wall Street believes INSE's long-term growth narrative is strong and that its $2.43 share price reflects the ideal entry point.Roth Capital’s 5-star analyst David Bain believes "INSE’s stock multiple should rerate higher." Bain wrote, "We believe INSE’s online gaming is increasing as a percentage of its business and could represent up to 20% of CY21 EBITDA. With investors valuing Draftkings at nearly 20x CY21 revenue, we believe INSE’s under 4x CY21 EV/EBITDA valuation should be reset."In line with his comments, Bain rates the stock a Buy. His $12 price target indicates a massive upside potential of 393% for the coming year. (To watch Bain’s track record, click here)Overall, with only bullish calls issued in the last three months, the word on the Street is that INSE is a ‘Strong Buy’. Adding to the good news, its $8.50 average price target indicates about 250% upside from current levels. (See INSE stock analysis on TipRanks)Clear Channel Outdoor Holdings (CCO)We focus so much on digital marketing and advertising that the more traditional forms of advertising sometimes get lost in the shuffle. But billboards and posters remain a vital part of most marketing campaigns. Clear Channel Outdoor Holdings, through its subsidiaries, controls a portfolio exceeding 450,000 displays in 31 countries across the Americas, Europe, and Asia. That display portfolio includes over 15,000 digital displays, ranging from small posters to full-size digital billboards.Once again, this is a company that felt heavy pressure in the ‘corona quarter.’ With outdoor traffic heavily reduced, companies cut back on billboards and other public display ads. However, as government authorities, at local, state, and national levels, move toward reopening policies, CCO’s outlook naturally improves. The main headwind of the coronavirus period was a lack of outdoor traffic to see the company’s displays; that is slowly resolving itself with the gradual ‘return to normal.’Currently going for 90 cents apiece, several members of the Street think now is the time to get on boardAmong the bulls is Cowen analyst Lance Vitanza. The analyst wrote, "We remain constructive on the longer-term opportunity in out-of-home advertising which should continue taking share from print, radio and broadcast TV. Our multiple however reflects cheaper asset valuations across the board. The proposed sale of Clear Media should illuminate the attractive implied multiples at which CCO Americas and CCO International ex-China are selling on a sum-of-the-parts basis. We see an emerging rebound for the outdoor advertising industry, though shares could remain under pressure until the COVID-19 impact substantially subsides. But the shares do embed positively-skewed levered optionality, suggesting an Outperform rating at current levels."Vitanza backs his Outperform (i.e. Buy) rating with a $2.20 price target, which indicates his confidence in an impressive 144% upside potential for the coming year. (To watch Vitanza’s track record, click here)Like the other stocks in this article, CCO has a Strong Buy consensus – and it is based on 3 Buy ratings given in recent weeks. The shares have an average price target of $1.90, suggesting a 111% upside from the $0.90 current trading price. (See CCO stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Were Hedge Funds Right About Still Being Bullish On Clear Channel Outdoor Holdings (CCO)?
    Insider Monkey

    Were Hedge Funds Right About Still Being Bullish On Clear Channel Outdoor Holdings (CCO)?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • Moody's

    iHeartCommunications, Inc. -- Moody's assigns B1 rating to iHeart's incremental term loan

    Moody's Investors Service, ("Moody's") assigned a B1 rating to iHeartCommunications, Inc.'s ("iHeart") proposed $450 million incremental term loan due May 2026. The radio industry is also being negatively affected by the shift of advertising dollars to digital mobile and social media as well as heightened competition for listeners from a number of digital music providers.

  • Clear Channel Outdoor Holdings, Inc. Sets Date For 2020 Second Quarter Earnings Teleconference
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Sets Date For 2020 Second Quarter Earnings Teleconference

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO)(the "Company") will release 2020 second quarter results before the market opens on Friday, August 7, 2020 by 7:00am and will host a conference call to discuss the results at 8:30 a.m. Eastern Time.

  • Clear Channel Outdoor Holdings, Inc. Regains Compliance With NYSE Minimum Price Listing Standard
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Regains Compliance With NYSE Minimum Price Listing Standard

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that on July 1, 2020, the Company was notified by the New York Stock Exchange (NYSE) that it has regained compliance with the NYSE's continued listing standards.

  • Clear Channel Outdoor Americas Joins the National Center for Missing and Exploited Children, Texas Center for the Missing in Statewide Campaign to Find Missing Children in Texas
    PR Newswire

    Clear Channel Outdoor Americas Joins the National Center for Missing and Exploited Children, Texas Center for the Missing in Statewide Campaign to Find Missing Children in Texas

    Texas Center for the Missing, The National Center for Missing and Exploited Children and Clear Channel Outdoor Americas (CCOA) (NYSE:CCO) launched a new month-long campaign on digital billboards across Texas to help generate leads in four missing children's cases each in Houston, San Antonio, Dallas and El Paso.

  • Why Clear Channel Outdoor Holdings Stock Was Rising Today
    Motley Fool

    Why Clear Channel Outdoor Holdings Stock Was Rising Today

    Shares of Clear Channel Outdoor Holdings (NYSE: CCO) were going up on Tuesday, a day after the company announced it amended its credit agreement. As of 11 a.m. EDT, Clear Channel Outdoor stock was up 4%. Clear Channel Outdoor has over 570,000 advertising displays, both traditional and digital.

  • Clear Channel Outdoor Holdings, Inc. Announces Amendment To Credit Agreement
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Announces Amendment To Credit Agreement

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has entered into an amendment (the "Amendment") to the Company's credit agreement, dated as of August 23, 2019 (the "Credit Agreement"), with several of its lenders.

  • Do Hedge Funds Love Clear Channel Outdoor Holdings, Inc. (CCO)?
    Insider Monkey

    Do Hedge Funds Love Clear Channel Outdoor Holdings, Inc. (CCO)?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

  • Moody's

    Clear Channel Worldwide Holdings, Inc. -- Moody's affirms Clear Channel's B3 CFR; outlook changed to negative

    Moody's Investors Service (Moody's) affirmed Clear Channel Outdoor Holdings, Inc's (Clear Channel) B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR). In addition, the secured bank credit facility and secured notes were affirmed at B1 and the senior subordinated notes issued by subsidiary, Clear Channel Worldwide Holdings, Inc. were affirmed at Caa2. Clear Channel's outlook was changed to negative from stable due to the impact of the coronavirus outbreak on outdoor advertising revenue and discretionary consumer spending, which Moody's expects will substantially reduce revenue, profitability and liquidity during 2020.

  • Are Options Traders Betting on a Big Move in Clear Channel Outdoor (CCO) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Clear Channel Outdoor (CCO) Stock?

    Investors need to pay close attention to Clear Channel Outdoor (CCO) stock based on the movements in the options market lately.

  • Reuters

    COVID-era junk bond deals begin to go sour

    Companies hard-hit by the pandemic rushed to raise debt last month, encouraged by the Federal Reserve's intervention to support the credit market. Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies have borrowed money in the public market at a rate of 9% or higher, according to data from Tom Graff, head of fixed income at Brown Advisory and from Refinitiv Eikon and MarketAxess. Of those 23, new bonds from pharmaceutical company Mallinckrodt, movie theater chain AMC Entertainment and billboard giant Clear Channel Outdoor are trading around 80 cents on the dollar, a 20 point fall in the two months since they were issued, the data showed.

  • Clear Channel Outdoor Holdings, Inc. Adopts Limited Duration Shareholder Rights Plan
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Adopts Limited Duration Shareholder Rights Plan

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") announced today that its board of directors (the "Board") unanimously adopted a shareholder rights plan (the "Rights Plan") to protect the interests of all Company shareholders.

  • GlobeNewswire

    Sandra Bergeron Joins Sumo Logic Board of Directors

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  • Aimia Acquires Stake in Clear Media Limited
    CNW Group

    Aimia Acquires Stake in Clear Media Limited

    Aimia Acquires Stake in Clear Media Limited

  • Clear Channel Outdoor Holdings Inc (CCO) Q1 2020 Earnings Call Transcript
    Motley Fool

    Clear Channel Outdoor Holdings Inc (CCO) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Clear Channel Outdoor Holdings Inc (NYSE: CCO)Q1 2020 Earnings CallMay 6, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.

  • Clear Channel Outdoor (CCO) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Clear Channel Outdoor (CCO) Reports Q1 Loss, Tops Revenue Estimates

    Clear Channel Outdoor (CCO) delivered earnings and revenue surprises of -62.50% and 5.50%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Clear Channel Outdoor: Q1 Earnings Insights

    Shares of Clear Channel Outdoor (NYSE:CCO) rose 2.3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 26.67% over the past year to ($0.33), which missed the estimate of ($0.20).Revenue of $550,809,000 lower by 6.18% from the same period last year, which missed the estimate of $552,970,000.Guidance Earnings guidance hasn't been issued by the company for now.Clear Channel Outdoor hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 06, 2020View more earnings on CCOTime: 03:01 PM ETWebcast URL: https://event.on24.com/eventRegistration/eventRegistrationServlet?referrer=https%3A%2F%2Finvestor.clearchannel.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2328913&sessionid=1&key=3FECF3E12942B9B6F5FD47EBA6B0EC7F®Tag=Price Action 52-week high: $5.4752-week low: $0.36Price action over last quarter: down 60.39%Company Overview Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes Americas outdoor advertising and International outdoor advertising. The company generates a majority of its revenue from the Americas outdoor advertising.See more from Benzinga * 7 Communication Services Stocks Moving In Monday's Pre-Market Session * 5 Communication Services Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Clear Channel Outdoor Holdings, Inc. Reports Results For 2020 First Quarter
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Reports Results For 2020 First Quarter

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) ("the Company") today reported financial results for the quarter ended March 31, 2020.

  • Clear Channel Outdoor Holdings, Inc. Tenders its Clear Media Limited Shares
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Tenders its Clear Media Limited Shares

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company"), today announced that Clear Channel KNR Neth Antilles N.C., an indirect wholly owned subsidiary of the Company, has tendered its shares representing the Company's 50.91% stake in Clear Media Limited ("Clear Media"), an indirect, non-wholly owned subsidiary of the Company based in China, to Ever Harmonic Global Limited ("Ever Harmonic") for approximately $253 million*. Following receipt of the tendered shares, Ever Harmonic declared its voluntary cash general offer unconditional in all respects on April 28, 2020.

  • Moody's

    iHeartCommunications, Inc. -- Moody's affirms iHeart's B2 CFR; outlook changed to negative

    Moody's Investors Service, ("Moody's") affirmed iHeartCommunications, Inc.'s (iHeart) B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR). The B1 rating on the senior secured term loan, B1 rating on the senior secured notes, and Caa1 rating on the senior unsecured notes were also affirmed.

  • Clear Channel receives delisting notice from NYSE
    American City Business Journals

    Clear Channel receives delisting notice from NYSE

    The company's closing price hit its lowest in late-March as the effects of the pandemic were pummeling the market.

  • Clear Channel Outdoor Holdings, Inc. Receives Continued Listing Standard Notice from NYSE
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Receives Continued Listing Standard Notice from NYSE

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that on April 10, 2020, the Company received formal notice from the New York Stock Exchange ("NYSE") that it was not in compliance with the NYSE's continued listing standards as a result of the average closing price of the Company's common stock being less than $1.00 per share over a consecutive 30 trading-day period.

  • Clear Channel Outdoor Holdings, Inc. to Sell Investment in Clear Media Limited for US$253 Million
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. to Sell Investment in Clear Media Limited for US$253 Million

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company"), one of the world's largest outdoor advertising companies, today announced that it has entered into an agreement to irrevocably tender to sell its 50.91% stake in Clear Media Limited ("Clear Media"), an indirect, non-wholly owned subsidiary of the Company based in China, to Ever Harmonic Global Limited ("Ever Harmonic"). The Company also provided an update regarding its initiatives to increase liquidity and preserve financial flexibility in response to the impact of COVID-19 and is withdrawing its guidance for 2020, previously provided on February 27, 2020.