Can Clear Channel Outdoor Holdings Inc. (CCO) Add Value To Your Portfolio?


As of Friday close, Clear Channel Outdoor Holdings Inc.’s (NYSE:CCO) stock traded at $1.09. The average number of shares traded per day over the past five days has been 3,718,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.1500 fall in that time frame. In the last twenty days, the average volume was 2,923,635, while in the previous 50 days, it was 3,013,662.

Since last month, CCO stock retreated -39.44%. Shares of the company fell to $1.0300 on 03/17/23, the lowest level in the past month. A 52-week high of $3.81 was reached on 02/03/23 after having rallying from a 52-week low of $0.91. Since the beginning of this year, CCO’s stock price has risen by 3.81% or $0.0400, and marked a new high 16 times. However, the stock has declined by -71.35% since its 52-week high.

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CCO stock investors should be aware that Clear Channel Outdoor Holdings Inc. (CCO) stock had its last reported insider trading activity 47 days ago on Jan 30. ARES MANAGEMENT LLC, the 10% Owner of the company, purchased of 500,000 shares for $1.79 on Jan 30. It resulted in a $897,350 investment by the insider. ARES MANAGEMENT LLC added 500,000 shares at an average price of $1.79 on Jan 30. The insider now owns 55,829,046 shares following the transaction. On Jan 27, 10% Owner ARES MANAGEMENT LLC bought 525,902 shares at $1.80 apiece. The transaction was valued at $944,993.

Valuation Metrics

The latest dividend of $0.0687 per share was paid out, remained unchanged from last year’s $0.0687.

Financial Health

In the three months ended September 29, Clear Channel Outdoor Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 46.50% percent. In the year ended September 29, operating margins totaled 10.60%. Based on annual data, CCO earned $1.15 billion in gross profit and brought in $2.48 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.50%. Return on equity (ROE) for the past 12 months was 4.00%.

In Clear Channel Outdoor Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $5.57 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCO’s revenue fell -4.73% to $602.91 million during the quarter, while net income inched up to $709.16 million. While analysts expected Clear Channel Outdoor Holdings Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.08 per share. During the quarter, the company generated $206.31 million in EBITDA. The liabilities of Clear Channel Outdoor Holdings Inc. were 8.35 billion at the end of its most recent quarter ended September 29, and its total debt was $7.17 billion. The value of shareholders’ equity is $477.44 million.

Technical Picture

This quick technical analysis looks at Clear Channel Outdoor Holdings Inc.’s (CCO) price momentum. With a historical volatility rate of 36.52%, the RSI 9-day stood at 18.15% on 17 March.

With respect to its five-day moving average, the current Clear Channel Outdoor Holdings Inc. price is down by -12.10% percent or -$0.1500. At present, CCO shares trade -37.71% below its 20-day simple moving average and -34.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.83% above its SMA50 and -31.01% below its SMA200.

Stochastic coefficient K was 4.17% and Stochastic coefficient D was 3.51%, while ATR was 0.1127. Given the Stochastic reading of 7.32% for the 14-day period, the RSI (14) reading has been calculated as 26.74%. As of today, the MACD Oscillator reading stands at -0.1478, while the 14-day reading stands at -0.2848.

Analyst Ratings

Clear Channel Outdoor Holdings Inc. downgraded its rating on Clear Channel Outdoor Holdings Inc. (NYSE: CCO) to an Equal weight in a note to investors on July 08, 2022. The analysts firm previously had an Overweight rating on the stock.Clear Channel Outdoor Holdings Inc. (CCO) has been rated Hold by analysts. According to 1 brokerage firm, CCO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Clear Channel Outdoor Holdings Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $1.90, the current consensus forecast for the stock is $1.50 – $3.00. Based on these forecasts, analysts predict Clear Channel Outdoor Holdings Inc. (CCO) will achieve an average price target of $2.13.


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