CCO - Clear Channel Outdoor Holdings, Inc.

NYSE - NYSE Delayed Price. Currency in USD
0.9658
-0.0542 (-5.31%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close1.0200
Open1.0500
Bid0.9700 x 1800
Ask0.9720 x 2900
Day's Range0.9000 - 1.0500
52 Week Range0.3600 - 5.4000
Volume3,079,285
Avg. Volume4,019,307
Market Cap451.323M
Beta (5Y Monthly)2.15
PE Ratio (TTM)N/A
EPS (TTM)-1.0920
Earnings DateJul 27, 2020 - Jul 31, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.37
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.
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  • 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

    Sumo Logic, the leader in continuous intelligence, today announced the appointment of Sandra Bergeron to its board of directors as an independent board member. The company also expanded its advisory board with the addition of Lisa Hammitt, an artificial intelligence (AI) industry veteran.

  • 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.

  • 4 Advertising & Marketing Stocks to Gain Amid Coronavirus Scare
    Zacks

    4 Advertising & Marketing Stocks to Gain Amid Coronavirus Scare

    With strict lockdowns across the globe in the wake of coronavirus outbreak, people are spending more time indoor on various media platforms and streaming video services.

  • MarketWatch

    Clear Channel Outdoor draws down $150 million from revolving credit facility

    Clear Channel Outdoor Holdings Inc. said Wednesday it is drawing down $150 million of its revolving credit facility as it works to preserve cash on its balance sheet in the midst of the coronavirus pandemic. The outdoor ad company said it had about $399 million in cash at end December, including $38 million from Clear Media Limited, an indirect, non-wholly owned subsidiary based in China. "Together with the $150 million in proceeds received from the draw down on the revolving credit facility, Clear Channel's pro forma cash position on its balance sheet would have been approximately $549 million," the company said in a statement. The drawdown from the revolver will not impact the company's first lien leverage ratio, which stood at about 4.75x at year-end, which is well below the maximum 7.60x under the terms of the company's Senior Secured Credit Facilities. The company will provide an update on its first-quarter earnings call. "The Americas segment continued to deliver strong growth into the first quarter of 2020; however we have begun to see weakness in certain European markets affected by COVID-19," Chief Executive William Eccleshare said in a statement. "In light of the uncertainty presented by the unprecedented pandemic, we expect that future results will be difficult to forecast." Shares were not yet active premarket, but have fallen 92% in the last 12 months, while the S&P 500 has fallen 13%.

  • Clear Channel Outdoor Holdings, Inc. Provides Financial Update
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Provides Financial Update

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company"), one of the world's largest outdoor advertising companies, today announced it has drawn down $150 million available under its Revolving Credit Facility to increase liquidity and preserve financial flexibility.

  • Hedge Funds Aren’t Crazy About Clear Channel Outdoor Holdings, Inc. (CCO) Anymore
    Insider Monkey

    Hedge Funds Aren’t Crazy About Clear Channel Outdoor Holdings, Inc. (CCO) Anymore

    Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Clear Channel Airports to Transform Advertising Programs for Signature Flight Support's Network of Private Aviation Terminals
    PR Newswire

    Clear Channel Airports to Transform Advertising Programs for Signature Flight Support's Network of Private Aviation Terminals

    Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), announced today that through a five-year competitive contract renewal with Signature Flight Support, the world's largest network of Fixed Based Operations (FBOs), it will transform the media and marketing approach for over 140 private aviation terminals throughout North America and the Caribbean. As the exclusive advertising partner to Signature Flight Support, CCA's new media programs will provide leading global brand partners with exclusive foundation sponsorships and experiential advertising opportunities across the country's private air facilities.

  • How local stocks fared as stock markets post massive declines
    American City Business Journals

    How local stocks fared as stock markets post massive declines

    See how the San Antonio-area public companies fared and which ones came out as winners as stock markets took a tumble and trading was halted this week.

  • Clear Channel Outdoor & The Female Quotient Honor International Women's Day on Digital Billboards Nationwide
    PR Newswire

    Clear Channel Outdoor & The Female Quotient Honor International Women's Day on Digital Billboards Nationwide

    Clear Channel Outdoor Americas (CCOA) (NYSE: CCO) today announced it will honor three global female leaders with a national digital out of home (DOOH) campaign timed with International Women's Day: a day celebrating the social, economic, cultural and political achievements of women. In partnership with The Female Quotient, an organization committed to advancing diversity in the workplace through collaboration, activating solutions for change and creating measurements for accountability, the campaign features three global female change agents who embody the spirit of global equality and encourage women all over the world.

  • Clear Channel Outdoor Holdings, Inc. Yearly Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    Clear Channel Outdoor Holdings, Inc. Yearly Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

    Shareholders in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) had a terrible week, as shares crashed 20% to US$2.07...

  • Clear Channel Outdoor (CCO) Tops Q4 Earnings and Revenue Estimates
    Zacks

    Clear Channel Outdoor (CCO) Tops Q4 Earnings and Revenue Estimates

    Clear Channel Outdoor (CCO) delivered earnings and revenue surprises of 300.00% and 1.27%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 Fourth Quarter And Full Year
    PR Newswire

    Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 Fourth Quarter And Full Year

    Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) ("the Company") today reported financial results for the quarter and year ended December 31, 2019.