CCO Stock Summary and Trading Ideas (Clear Channel Outdoor Holdings | NYSE:CCO)

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.

Clear Channel Outdoor Holdings trades on the NYSE stock market under the symbol CCO.

As of April 19, 2024, CCO stock price climbed to $1.49 with 1,682,428 million shares trading.

CCO has a beta of 0.66, meaning it tends to be less sensitive to market movements. CCO has a correlation of 0.02 to the broad based SPY ETF.

CCO has a market cap of $720.74 million. This is considered a Small Cap stock.

Last quarter Clear Channel Outdoor Holdings reported $632 million in Revenue and $.05 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.01.

In the last 3 years, CCO stock traded as high as $4.10 and as low as $.91.

The top ETF exchange traded funds that CCO belongs to (by Net Assets): VTI, VB, IWM, VXF, VBR.

CCO has outperformed the market in the last year with a return of +24.2%, while the SPY ETF gained +21.2%. However, in the most recent history, CCO shares have underperformed the stock market with its stock returning -10.2% in the last 3 month period and -7.5% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

CCO support price is $1.39 and resistance is $1.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCO stock will trade within this expected range on the day.