Clear Channel Outdoor Holdings, – Consensus indicates 23.4% upside potential

Clear Channel Outdoor Holdings, found using the ticker (CCO) now have 6 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The range between the high target price and the low target price is between 5 and 3 by calculating the average target price we have 4.06. Given that the stock’s previous close was at 3.29, this now indicates that there is 23.4% upside potential. The 50-day moving average is 3.27 while the 200-day moving average is 2.7. The company has a market capitalization of $1,534 million. You can visit the company’s website by visiting: https://www.clearchanneloutdoor.com

The potential market capitalization would be $1,894 million based on market consensus.

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Clear Channel Outdoor Holdings owns, operates and sells display advertising in the United States and around the world. It operates through two segments, the Americas and Europe. The company offers advertising services through billboards, including newsletters 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 custom display structures that incorporate video, multi-dimensional letters and numbers, mechanical devices and moving parts, and other embellishments; wallscape, a display that covers or hangs alongside buildings or other structures; and retail and other small displays. It also provides street furniture equipment, cleaning and maintenance services, 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, entertainment and telecommunications. As of December 31, 2020, it owned or operated approximately 71,000 advertising screens 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.

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