Clear Channel Outdoor Holdings, with ticker code (CCO) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 5 and 3 calculating the mean target price we have 4.06. With the stocks previous close at 3.08 this indicates there is a potential upside of 31.8%. The 50 day moving average now sits at 3.26 and the 200 day MA is 2.73. The market cap for the company is $1,454m. Company Website: https://www.clearchanneloutdoor.com
The potential market cap would be $1,917m based on the market concensus.
Clear Channel Outdoor Holdings owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas and Europe. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanical devices and moving parts, and other embellishments; wallscape, a display that drapes over or is suspended from the sides of buildings or other structures; and retail and other small displays. It also provides street furniture equipment, cleaning and maintenance services, and production and creative services; and a public bicycle rental program, which offers bicycles for rent to the general public in various municipalities. The company serves retail, food/food products, entertainment, and telecommunications. As of December 31, 2020, it owned or operated approximately 71,000 advertising displays in the Americas; and 430,000 advertising displays in Europe. The company was formerly known as Eller Media Company and changed its name to Clear Channel Outdoor Holdings in August 2005. The company was founded in 1901 and is headquartered in San Antonio, Texas.
