Clear Channel Outdoor Holdings Inc. (NYSE:CCO) does about 2.39M shares in volume on a normal day but saw 1472105 shares change hands in Friday trading. The company now has a market cap of 725.58M USD. Its current market price is $1.50, marking a decrease of -3.23% compared to the previous close of $1.55. The 52 week high reached by this stock is $2.06 whilst the lowest price level in 52 weeks is $0.99.
Clear Channel Outdoor Holdings Inc. (CCO) has a 20-day trading average at $1.4915 and the current price is -27.01% off the 52-week high compared with 51.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6072 and its 200-day simple moving average is $1.5306. If we look at the stock’s price movements over the week, volatility stands at 6.14%, which decreases to 5.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.39 to suggest the stock is neutral.
The consensus objective for the share price is $2.29, suggesting that the stock has a potential upside of 34.5% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 20, 2023 when Wells Fargo upgraded the stock to “Overweight” and issued a price target of between $1.50 and $2.75. Wells Fargo downgraded the stock to “Equal Weight” from Overweight on July 08, 2022 at a price target of $4-$1.50. Barrington Research upgraded its price target at $5.
Clear Channel Outdoor Holdings Inc. (CCO) stock is up 4.17% over the week and -10.71% over the past month. Its price is -17.58% year-to-date and 13.64% over the past year.
To reach the target analysts have set, the stock logically needs to grow 34.5 percent from here.
The company has a return on investment of -8.60%. The beta has a value of 3.04. Price to sales ratio is 0.31.
