0.6519 +0.03 (5.62%)
Pre-Market: 8:00AM EDT
|Bid||0.0000 x 1400|
|Ask||0.6519 x 900|
|Day's Range||0.5847 - 0.6400|
|52 Week Range||0.3600 - 5.7600|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2020 - Apr 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.77|
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.
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.
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. (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.
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 (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.
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 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.
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) 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. (NYSE: CCO) ("the Company") today reported financial results for the quarter and year ended December 31, 2019.
See how San Antonio's energy sector fared amid the stock market's coronavirus scare as the CDC warns of a worst case scenario.
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:CCO), which is in the media business, and is based in United States, saw a...
Last week in Times Square, and through the power of streaming and digital out-of-home media (DOOH), VISIT PHILADELPHIA®, the region's official tourism marketing organization, teamed with Clear Channel Outdoor (NYSE: CCO), one of the world's leading OOH companies, in an evolution for Greater Philadelphia's tourism marketing industry.
Clear Channel Outdoor Holdings, Inc. (CCO) (NYSE: CCO), one of the world's largest outdoor advertising companies, recently debuted over 1,300 new visually-striking, printed out-of-home (OOH) displays across its small, mid and large U.S. market footprint. CCO's transformed "Premiere Panels" bring nearly bulletin-size media down-to-earth for even greater pedestrian and road travel visibility and offering additional street level exposure for brands to engage with consumers who are walking or driving.
Does the January share price for Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) reflect what it's really worth...
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), will release 2019 fourth quarter and full year results before the market opens on Thursday, February 27, 2020 by 7:00am and will host a conference call to discuss the results at 8:30 a.m. Eastern Time.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Local, regional and national businesses will now have even more powerful opportunities to reach leisure travelers and business decision-makers flying through Jackson-Medgar Wiley Evers International Airport (JAN) beginning Dec. 16, 2019.
Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced today that Aruba Airport Authority N.V. (AAA), operator and manager of Queen Beatrix International Airport (AUA) extended its exclusive media provider contract for another five years, building on a relationship that began in 2004.
The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […]
NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (CCO), announced today that U.S. airports will now have online access to their advertising program's performance data via Clear Channel Airports' new cloud-based reporting web app. The innovative web app, compatible with desktops, laptops, iPhones, androids and other 'smart' devices, delivers comprehensive and customizable reporting so CCA's airport media partners can easily and quickly access critical data to better manage their advertising programs and anticipate local economic impacts. An airport-industry out of home (OOH) first in the U.S., Clear Channel's reporting web app, utilizing the latest in serverless architecture and multi-facility redundancy, allows airports access to pertinent advertising data 24 hours a day/7 days a week, 365 days a year.