Analytical Lens: Exploring Clear Channel Outdoor Holdings Inc. (CCO)’s Financial Story Through Ratios

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The closing price of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) was $1.38 for the day, up 0.73% from the previous closing price of $1.37. In other words, the price has increased by $0.73 from its previous closing price. On the day, 1.6 million shares were traded. CCO stock price reached its highest trading level at $1.41 during the session, while it also had its lowest trading level at $1.33.


Our analysis of CCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $2.75 from $1.50 previously.

On July 08, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $4 to $1.50.

Barrington Research Upgraded its Mkt Perform to Outperform on November 11, 2021, while the target price for the stock was maintained at $5.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 10 ’24 when PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares for $1.55 per share. The transaction valued at 19,505 led to the insider holds 104,859,957 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCO now has a Market Capitalization of 674415680 and an Enterprise Value of 7685404160. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30. Its current Enterprise Value per Revenue stands at 3.539 whereas that against EBITDA is 14.761.

Stock Price History:

Over the past 52 weeks, CCO has reached a high of $2.06, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -8.84%, while the 200-Day Moving Average is calculated to be -9.43%.

Shares Statistics:

CCO traded an average of 2.02M shares per day over the past three months and 1933320 shares per day over the past ten days. A total of 483.06M shares are outstanding, with a floating share count of 408.29M. Insiders hold about 16.46% of the company’s shares, while institutions hold 84.56% stake in the company. Shares short for CCO as of 1715731200 were 31944448 with a Short Ratio of 15.83, compared to 1713139200 on 30230262. Therefore, it implies a Short% of Shares Outstanding of 31944448 and a Short% of Float of 10.89.

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