Clear Channel Outdoor (CCO) Expected to Announce Earnings on Monday

Clear Channel Outdoor (NYSE:CCO) is projected to issue its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $642.07 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Clear Channel Outdoor Stock Performance

Shares of NYSE CCO opened at $1.39 on Monday. The stock has a market cap of $677.38 million, a PE ratio of -4.78 and a beta of 3.03. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.50. Clear Channel Outdoor has a 52-week low of $1.29 and a 52-week high of $2.06.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCO shares. TD Cowen lowered their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a research note on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Thursday, October 31st.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.