Clear Channel Outdoor Holdings
CCO

$1.65

0.61%

Market Cap: 806M

About: 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 America; Airports; Europe-North and Europe-South. The company generates maximum revenue from the America segment. The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.

Employees: 3,900

Communication Services Advertising

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

13,062% more call options, than puts

Call options by funds: $3.42M | Put options by funds: $26K

0% more funds holding

Funds holding: 148 [Q4 2023] → 148 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

1.66% less ownership

Funds ownership: 87.42% [Q4 2023] → 85.75% (-1.66%) [Q1 2024]

11% less capital invested

Capital invested by funds: $768M [Q4 2023] → $684M (-$84M) [Q1 2024]

36% less funds holding in top 10

Funds holding in top 10: 11 [Q4 2023] → 7 (-4) [Q1 2024]

38% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 58

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$2

21%

upside

Avg. target

$2.38

44%

upside

High target

$2.50

52%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Barrington Research James Goss	52%upside $2.5	Outperform Maintained	28 May 2024
Barrington Research James Goss	52%upside $2.5	Outperform Maintained	13 May 2024
Morgan Stanley Benjamin Swinburne	21%upside $2	Equal-Weight Maintained	28 Feb 2024
Barrington Research James Goss	52%upside $2.5	Outperform Reiterated	27 Feb 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about CCO published over the past 30 days

Clear Channel Outdoor Holdings, Inc. Announces Date for 2024 Second Quarter Earnings Release and Conference Call

SAN ANTONIO , July 8, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") will release 2024 second quarter results before the market opens on Wednesday, August 7, 2024, by 7:00 a.m. and will host a conference call to discuss the results at 8:30 a.m.

Clear Channel Outdoor Holdings, Inc. Announces Date for 2024 Second Quarter Earnings Release and Conference Call

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7 Overlooked Penny Stocks That Could Quintuple Your Money by 2026

'Visit Annapolis' Out of Home Campaign Dominates Baltimore/Washington International Thurgood Marshall Airport (BWI) as Record-Breaking Summer Travel Season Kicks Off

'Visit Annapolis' BWI Takeover of the 'Concourse Tunnel' and 20+ LCD Digital Screens will Reach 27 Million Leisure and Business Travelers Annually via Clear Channel Outdoor's Cutting Edge Media Network BALTIMORE , June 28, 2024 /PRNewswire/ -- Clear Channel Outdoor, Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced a new partnership and sponsorship with Visit Annapolis & Anne Arundel County (VAAAC), a nonprofit Destination Marketing/Management Organization whose mission is to foster a welcoming destination and promote tourism on behalf of its visitors, partners, and community, to activate a cutting-edge, first-of-its-kind brand takeover of the Concourse at Baltimore/Washington International Thurgood Marshall Airport (BWI Marshall Airport). VAAAC will dominate BWI with its newest ad campaign starting in June, running for 16 months with arrival passengers experiencing the 'Visit Annapolis & Anne Arundel County tunnel' in the Concourse heading to baggage claim, immersing travelers in all the great things to do and experience in Annapolis, Maryland.

'Visit Annapolis' Out of Home Campaign Dominates Baltimore/Washington International Thurgood Marshall Airport (BWI) as Record-Breaking Summer Travel Season Kicks Off

Maricopa County, Clear Channel Outdoor Launch Regional Billboard Campaign to Share Critical Heat Relief Resources

PHOENIX , June 20, 2024 /PRNewswire/ -- Starting this week, more than 100 digital billboards across the Valley will display critical local heat relief resources, thanks to a partnership between Maricopa County, Clear Channel Outdoor, the Maricopa Association of Governments and the City of Phoenix. Billboards owned by Clear Channel Outdoor will promote 211 Arizona to direct at-risk community members to one of 230+ local heat relief sites that can help them stay cool during Arizona's dangerous late spring and summer time heat.

Maricopa County, Clear Channel Outdoor Launch Regional Billboard Campaign to Share Critical Heat Relief Resources

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Clear Channel Outdoor: Rating Upgrade On Positive EBITDA Growth Outlook

Clear Channel Outdoor's main growth driver will be increased penetration of digital billboards. Airport segment should continue to benefit from air travel growth. CCO's efforts to divest non-core assets and clean up its balance sheet provide potential for multiple upsides and improved financial flexibility.

Clear Channel Outdoor: Rating Upgrade On Positive EBITDA Growth Outlook

Clear Channel Outdoor Holdings, Inc. (CCO) Q1 2024 Earnings Call Transcript

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO ) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Eileen McLaughlin - Investor Relations Scott Wells - Chief Executive Officer David Sailer - Chief Financial Officer Justin Cochrane - Chief Executive Officer, Clear Channel UK and Europe Conference Call Participants Cameron McVeigh - Morgan Stanley Daniel Osley - Wells Fargo Avi Steiner - JPMorgan Lance Vitanza - TD Cowen Aaron Watts - Deutsche Bank Jim Goss - Barrington Research Eileen McLaughlin Good morning and thank you for joining our call. On the call today are Scott Wells, our CEO and David Sailer, our CFO.

Clear Channel Outdoor Holdings, Inc. (CCO) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Clear Channel Outdoor (CCO) Reports Q1 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Clear Channel Outdoor (CCO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Clear Channel Outdoor (CCO) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Investment Research

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

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.23 per share a year ago.

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

Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2024

SAN ANTONIO , May 9, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2024. "We delivered first quarter consolidated revenue of $482 million, an increase of 10.1%, or 9.3% excluding movements in foreign exchange rates, reflecting record first quarter results in our America, Airports and Europe-North segments excluding sold markets and movements in foreign exchange rates," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "The trends we saw late last year largely continued into the first quarter, including improving demand among advertisers in all regions and key verticals in our America business segment.

Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2024

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