Clear Channel Outdoor Holdings Inc (NASDAQ: CCO) Stocks To Watch

Clear Channel Outdoor Holdings Inc day trading at USD 0.99 per share, then rallying to 1.05 and closing at USD 0.95 per share. A net loss of -4.41% for the day. Long term pricing analysis shows the stock trading at 80.55% lower than it’s 52week high and -163.88% higher than the 52week low. The share volume traded for the day was 5,587K which was 1 times the 50 Day Average Volume.

Clear Channel Outdoor Holdings Inc had a market cap of 443,939K as of 4th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $-1.03

Clear Channel Outdoor Holdings Inc also known as Clear Channel Outdoor, is an American out-of-home advertising company based in New York City. It was formerly a subsidiary of iHeartMedia but was spun out as an independent company in 2019.

Financial Results

Clear Channel Outdoor Holdings Inc Reports First Quarter Of Fiscal 2020.

  • Revenue up 8.5% year-over-year to $295.8 million.
  • Segment Adjusted EBITDA1 up 18.5% year-over-year to $108.0 million
  • Digital revenue up 20.2% to $98.8 million; digital revenue from billboards & street furniture up 18.2% to $69.9 million
  • Direct operating and SG&A expenses up 3.5%

Clear Channel Outdoor Holdings Inc (4th June 2020): The Institutional Ownership as of today stood at             97.47% and the Total Value of Holdings (millions) is $ 451.

New Institutional Holders and other activity – As of today, the total number of shares held is 455,501,970 by 179 institutional holders.

LATEST NEWS:

1-June-2020:- Arizona State Retirement System Takes $56,000 Position in CLEAR CHANNEL O/SH (NYSE: CCO)

Arizona State Retirement System purchased a new stake in CLEAR CHANNEL O/SH (NYSE: CCO) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 87,535 shares of the business services provider’s stock, valued at approximately $56,000.

23-May-2020:- Barrington Research Weighs in on CLEAR CHANNEL O/SH’s Q2 2020 Earnings (NYSE: CCO) – Modern Readers

Stock analysts at Barrington Research lowered their Q2 2020 earnings estimates for CLEAR CHANNEL O/SH in a report issued on Monday, May 18th. Barrington Research analyst J. Goss now anticipates that the business services provider will earn ($0.29) per share for the quarter, down from their prior forecast of ($0.17).

6-May-2020:- Clear Channel Outdoor Holdings, Inc. Reports Results For 2020 First Quarter

Revenue down 18.9% year-over-year to $255.0 million. Segment Adjusted EBITDA1 down $57.0 million year-over-year to $(29.3) million. Revenue, excluding movements in foreign exchange rates (“FX”), down 16.1% year-over-year to $263.8 million. Segment Adjusted EBITDA1, excluding movements in FX, down $57.8 million year-over-year to $(30.1) million.

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