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Clear Channel Outdoor Holdings, Inc. (CCO)

- NYSE
  • Apr. 16, 2014, 3:15 PM
    • A favorable IRS private letter ruling for CBS Outdoor (CBSO +6.1%) is giving the outdoor advertising sector an afternoon lift. The IRS set the table for CBS Outdoor to convert itself to a REIT.
    • Advancers: Clear Channel Outdoor (CCO) +3.1%, AirMedia Group (AMCN) +3.0%, Lamar Advertising (LAMR) +5.6%.
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  • May 8, 2013, 3:06 PM
    Clear Channel Outdoor (CCO +4.7%) spikes higher after Canyon Partners' Mitch Julis mentions the company at the Ira Sohn conference in a positive light. The bull thesis in a nutshell: Billboards lead to dividends.
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  • Mar. 20, 2012, 3:11 PM
    Clear Channel Outdoor (CCO +1.6%) gains after Caris upgraded the stock earlier today to Above Average on valuation. The firm lowers its price target however, to $11 from $12.
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  • Mar. 1, 2012, 8:16 AM
    Clear Channel Outdoor (CCO) +13.4% premarket after announcing plans to raise ~$2.2B in debt to pay for a $6.08/share one-time dividend. Proceeds will go toward paying a dividend to shareholders, including Clear Channel Holdings, which owns an 89% stake and will use the money to pay back secured debt that comes due in 2014.
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  • Nov. 1, 2011, 11:03 AM
    Billboard advertising provider Clear Channel Outdoor (CCO) is down 9.6% after reporting Q3 revenue of $748.4M (+8% Y/Y) and EPS of $0.01. The former beat by $18.4M, but the latter missed by $0.04, as the 8% operating expense growth for the company's Americas division easily outpaced the division's 4% revenue growth. (transcript)
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  • Sep. 12, 2011, 12:47 PM
    Shares of Pandora (P -8.5%) continue a downward march as the company faces competition seemingly coming from all directions. The latest is today's launch of Clear Channel's (CCO -1.9%) iHeartRadio, set to offer ad-free digital radio to subscribers.
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Company Description
Clear Channel Outdoor Holdings Inc is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays to its clients.
Sector: Services
Country: United States