|Bid||2.7600 x 2900|
|Ask||0.0000 x 800|
|Day's Range||2.8000 - 2.9200|
|52 Week Range||2.0600 - 6.3800|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investment company Invesco Senior Secured Management Inc (Current Portfolio) buys Clear Channel Outdoor Holdings Inc, Twin River Worldwide Holdings Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Invesco Senior Secured Management Inc . Continue reading...
Moody's Investors Service (Moody's) assigned a B1 rating to Clear Channel Outdoor Holdings, Inc.'s (CCO) proposed $1.26 billion senior secured note due 2027 and the B3 Corporate Family Rating (CFR) was affirmed. The net proceeds of the new notes as well as $2 billion of new secured term loan are projected to be used to repay the $2.725 billion senior unsecured notes due 2022 issued by subsidiary, Clear Channel Worldwide Holdings, Inc. (CCW) as well as $375 million of senior notes issued by subsidiary, Clear Channel International B.V. (CCI BV).
Billions of dollars in loan repayments are set to leave US investors flush with cash as the market continues to grapple with a low supply of new deals, and investors favor highly rated transactions, while lower-rated borrowers struggle to get loans done at their original terms. Some US$26bn in institutional loan repayments trickled back to investors throughout July, according to S&P, including paydowns from BB- rated First Data and Ba1/BBB- rated resort developer Las Vegas Sands, among other higher-rated borrowers. “These prepayments are high-quality paper, which large mutual funds, (exchange-traded funds) ETFs, and (Collateralized Loan Obligations) CLOs to a lesser extent will need to replace,” said Ryan Kohan, a leveraged loan portfolio manager at Western Asset Management.
New York, NY, based Investment company NYL Investors LLC (Current Portfolio) buys Clear Channel Outdoor Holdings Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, NYL Investors LLC. Continue reading...
Clear Channel Outdoor (CCO) delivered earnings and revenue surprises of 0.00% and -0.05%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Moody's Investors Service (Moody's) assigned a B1 rating to iHeartCommunications, Inc.'s (iHeart) proposed $500 million senior secured notes due 2027. The B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) are unchanged. Additionally, the B1 rating on the $3.5 billion senior secured term loan due 2026, the B1 rating on the $800 million senior secured notes due 2026, and the Caa1 rating on the $1.45 billion senior unsecured notes due 2027 are also unchanged.
Moody's Investors Service ("Moody's") says Clear Channel Outdoor Holdings, Inc.'s (CCO) $350 million equity offering is a credit positive as it is expected that net proceeds will be used to repay $333.5 million of subsidiary's Clear Channel Worldwide Holdings, Inc.'s (CCW) 9.25% Senior Subordinated notes due 2024 or $383.7 million if the underwriters exercise their option to purchase additional shares. Clear Channel Worldwide Holdings, Inc. (CCW) is an intermediate holding company which houses the assets of the international outdoor advertising operating segment of Clear Channel Outdoor Holdings, Inc. ("CCO"). This publication does not announce a credit rating action.
Clear Channel Outdoor (CCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Clear Channel Outdoor Holdings Inc NYSE:CCOView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CCO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CCO are favorable, with net inflows of $1.57 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Clear Channel Outdoor Holdings, Inc. (CCO) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Moody's Investors Service (Moody's) assigned iHeartCommunications, Inc.'s (iHeart) a B2 corporate family rating (CFR), B1 senior secured term loan, B1 senior secured note, and Caa1 senior unsecured note rating. The probability of default rating was assigned at B2-PD. Upon exit from bankruptcy, iHeart will operate its broadcast radio and digital music services and separate from Clear Channel Outdoor Holdings, Inc. (Clear Channel Outdoor).