1.8200 -0.02 (-1.09%)
After hours: 5:43PM EST
|Bid||1.8100 x 1000|
|Ask||1.8800 x 3100|
|Day's range||1.7400 - 1.9200|
|52-week range||0.3600 - 2.2600|
|Beta (5Y monthly)||2.60|
|PE ratio (TTM)||N/A|
|Earnings date||04 May 2021 - 10 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.14|
Clear Channel Outdoor (CCO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
CCO earnings call for the period ending December 31, 2020.
Shares of Clear Channel Outdoors (NYSE: CCO) were tumbling over 12% in afternoon trading Thursday despite the outdoor advertising specialist reporting fourth-quarter earnings that beat Wall Street's expectations. After business improved in the third quarter, the billboard company's business was struck by a resurgence in COVID-19 cases, which it said caused out-of-home metrics, travel patterns, consumer behavior, and economic activity to all slow down. Revenue fell 27% to $541 million as its Americas business declined more sharply than its European business.