Clear Channel Outdoor HoldingsCCO
CCO
About: 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.
Employees: 3,900
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,047% more call options, than puts
Call options by funds: $687K | Put options by funds: $32K
190% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 10
12% more capital invested
Capital invested by funds: $595M [Q2] → $665M (+$69.9M) [Q3]
11% more funds holding
Funds holding: 161 [Q2] → 179 (+18) [Q3]
1.32% less ownership
Funds ownership: 86.35% [Q2] → 85.03% (-1.32%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 56
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.40
61%
upside
Avg. target
$2.45
64%
upside
High target
$2.50
68%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Barrington Research James Goss 53% 1-year accuracy 51 / 96 met price target | 68%upside $2.50 | Outperform Maintained | 5 Nov 2024 |
TD Cowen Lance Vitanza 63% 1-year accuracy 15 / 24 met price target | 61%upside $2.40 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
4 days ago
Clear Channel Outdoor Extends Benchmark-Setting 35-Year Partnership with Huntsville-Madison County Airport Authority and Plans New High-Tech Media to Further Ignite Huntsville International Airport's (HSV) Advertising Program
Clear Channel's Innovative Sales Approach, Ad Network Will Bring All-New Customized and Impactful Brand Experiences to HSV's 1.5 Million Annual Passengers NEW YORK , Jan. 16, 2025 /PRNewswire/ -- Clear Channel Outdoor's Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced that it has been awarded a 10-year partnership extension through a competitive RFP process with Huntsville-Madison County Airport Authority to provide the latest high-tech media for Huntsville International Airport (HSV). This new airport advertising concession deal continues a relationship that began in 1989, extending a 35-year partnership between Clear Channel Outdoor and Huntsville-Madison County Airport Authority.
Neutral
PRNewsWire
1 week ago
Clear Channel Outdoor Holdings, Inc. to Sell its Europe-North Segment to a subsidiary of Bauer Media Group for $625 Million
SAN ANTONIO , Jan. 9, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has entered into a definitive agreement to sell the businesses constituting its Europe-North segment to Bauer Radio Limited, a subsidiary of Bauer Media Group. The expected purchase price from the transaction of $625 million is subject to certain customary adjustments.
Neutral
PRNewsWire
1 month ago
Clear Channel Outdoor Continues Advertising & Sponsorship Program Evolution at Detroit Metropolitan Wayne County Airport (DTW) Through New 10-Year Partnership
Detroit Metropolitan Wayne County Airport, Clear Channel Outdoor Will Integrate The Latest in Digital Tech to Offer Brands Greater Exposure to Over 31 Million Annual Travelers at the Gateway to Detroit NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Clear Channel Outdoor's Airports Division , the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced Wayne County Airport Authority awarded it a 10-year contract to continue evolving their state-of-the-art advertising and sponsorship program at Detroit Metropolitan Wayne County Airport (DTW). This win comes via a competitive RFP process and continues a partnership Clear Channel Outdoor began with Wayne County Airport Authority in 2003.
Neutral
PRNewsWire
1 month ago
Clear Channel Outdoor Continues to Revolutionize Advertising Across 100+ Signature Aviation Private Terminals in the U.S.
Early Arrival Multi-Year Deal Lands as Air Travel Soars, Offers Brands Exclusive Access to Ultra-High-Net-Worth Travelers NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Clear Channel Outdoor's Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced that through a five-year contract renewal with Signature Aviation (formerly Signature Flight Support), the world's largest network of private aviation terminals, it will continue to revolutionize advertising programs across more than 100 private aviation terminals in the U.S. As a strategic advertising partner to Signature Aviation, CCO will expand its network of cutting-edge digital media assets, which will be available for leading brands to interact with highly influential air travelers in some of the country's most coveted regional markets. This early renewal and extension reflects CCO's commitment to transforming media programs for Signature Aviation terminals by leveraging the latest in digital and print display technology to continuously deliver innovative advertising solutions, including exclusive sponsorships and experiential activations for brands.
Neutral
PRNewsWire
2 months ago
Clear Channel Outdoor Holdings, Inc. to Participate in the BofA Securities Leveraged Finance Conference 2024
SAN ANTONIO , Nov. 18, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that David Sailer, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., and Jason Menzel, SVP, Treasurer of Clear Channel Outdoor Holdings, Inc., are scheduled to present at the BofA Securities Leveraged Finance Conference 2024 on Tuesday, December 3, 2024, at 2:10 p.m., Eastern Standard Time.
Neutral
PRNewsWire
2 months ago
Clear Channel Outdoor Holdings, Inc. to Participate in the Wells Fargo 8th Annual TMT Summit
SAN ANTONIO , Nov. 18, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. and Clear Channel Outdoor Americas, is scheduled to present at the Wells Fargo 8th Annual TMT Summit on Wednesday, December 4, 2024, at 9:30 a.m., Pacific Standard Time.
Neutral
PRNewsWire
2 months ago
Metropolitan Transportation Authority (MTA) Awards Clear Channel Outdoor a 15-Year Deal to Reimagine and Grow Revenue Across One of the Nation's Largest Roadside Collections of Out-of-Home Advertising Displays
Exclusive Media Contract Includes 250+ Displays in the Greater NY, NJ, CT Metro Area, Gives Brands a First-Ever One-Stop Shop to Reach Residents and Tourists as they Drive, Walk or Fly in the Region NEW YORK , Nov. 13, 2024 /PRNewswire/ -- The MTA, North America's largest transportation network, and its Board of Directors voted Sept. 25, 2024, to award its roadside Out-of-Home (OOH) advertising concession to Clear Channel Outdoor (NYSE: CCO).
Neutral
Seeking Alpha
2 months ago
Clear Channel Outdoor Holdings, Inc. (CCO) Q3 2024 Earnings Call Transcript
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Eileen McLaughlin - Vice President, Investor Relations Scott Wells - Chief Executive Officer David Sailer - Executive Vice President and Chief Financial Officer Justin Cochrane - Chief Executive Officer, UK and Europe Conference Call Participants Cameron McVeigh - Morgan Stanley Daniel Osley - Wells Fargo Avi Steiner - JPMorgan Lance Vitanza - TD Cowen Aaron Watts - Deutsche Bank Kiscada Hastings - JPMorgan Patrick Sholl - Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to Clear Channel Outdoor Holdings, Inc.'s 2024 Third Quarter Earnings Conference Call.
Neutral
PRNewsWire
2 months ago
USO and Clear Channel Outdoor Launch New Campaign Supporting Military Service Members and Families During Holidays
Digital billboards nationwide invite Americans to support all service members and their families ARLINGTON, Va. , Nov. 1, 2024 /PRNewswire/ -- Clear Channel Outdoor Americas (CCOA) and the United Service Organizations (USO) are working together again this November on a nationwide digital out-of-home (DOOH) media campaign that encourages public support for U.S. military service members and their families during the holidays.
Positive
Zacks Investment Research
2 months ago
Clear Channel Outdoor (CCO) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Clear Channel Outdoor (CCO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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