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Clear Channel Outdoor
(NYSE:CCO)
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Rating:45Neutral
Price Target:
$2.50
▲(3.73% Upside)
Action:Reiterated
Date:08/21/26
The score is primarily held back by high financial risk: persistent net losses alongside very high debt and deeply negative equity outweigh the improving cash flow trend. Technicals are largely neutral with the stock trading near key moving averages and momentum indicators near flat. Valuation also provides limited support due to a negative P/E and no stated dividend yield.
Positive Factors
Positive Cash Generation
Positive TTM operating and free cash flow indicates the advertising asset base is converting activity into cash after the recent rebound. This supports ongoing investment and debt service, although cash generation remains limited relative to obligations.
Negative Factors
Excessive Leverage
Very high debt and deeply negative equity leave CCO with a thin financial cushion and elevated refinancing and interest-rate sensitivity. This constrains flexibility and makes a meaningful portion of future cash generation necessary for financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Positive TTM operating and free cash flow indicates the advertising asset base is converting activity into cash after the recent rebound. This supports ongoing investment and debt service, although cash generation remains limited relative to obligations.
Read all positive factors
Clear Channel Outdoor (CCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.21B
Dividend YieldN/A
Average Volume (3M)2.09M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth-2.53%
EPS Growth-47.04%
CountryUS
Employees1,900
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.43
Shares Outstanding509,093,840
10 Day Avg. Volume2,733,082
30 Day Avg. Volume2,086,430
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)-0.32
Price to Sales (P/S)0.68
P/FCF Ratio34.33
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$2.43Price Target Upside0.83% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$1.72B
Clear Channel Outdoor Business Overview & Revenue Model
Company Description
Clear Channel Outdoor Holdings, Inc. is a prominent player in the out-of-home advertising industry, engaged in the ownership, operation, and sale of various display types across the United States and internationally. The company's operations are g...
How the Company Makes Money
CCO primarily makes money by selling advertising inventory on its out-of-home media assets. Its core revenue stream is advertising sales—brands, agencies, and other buyers pay for the right to display ad creative on CCO’s inventory for a specified...
Clear Channel Outdoor Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive strategic and market position for Cameco: materially stronger uranium market dynamics, improved realized prices, a secured near-term delivery book (>28M lbs/year), an unchanged 2026 production plan (19.5–21.5M lbs), enhanced ownership of a Tier 1 mine, and major progress at Westinghouse (USD 17.5B DOE conditional commitment and a 91-reactor AP1000 pipeline). These positives were tempered by short-term earnings pressure versus 2025 (due to a one-time Westinghouse-related payment in 2025), temporary operational disruptions at northern operations, and higher cost guidance driven primarily by a stronger U.S. dollar. Execution and supply-chain risks for large-scale AP1000 deployment and limited disclosure on Westinghouse transactional details were noted as uncertainties. On balance, the strategic and market momentum and secured contracts outweigh the near-term operational and FX headwinds.Positive Updates
Strong contracting position — >28M lbs/year secured
Cameco has contracts in place that support average annual deliveries of more than 28 million pounds of uranium per year over the next five years, demonstrating material secured revenue visibility across the near term.
Negative Updates
Quarterly results lower year-over-year
Q2 and first-half 2026 financial results were lower than the very strong comparable period in 2025, primarily because 2025 included a significant Westinghouse payment related to the Dukovany project; management emphasized the underlying fundamentals remain strong but reported lower near-term reported results.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong contracting position — >28M lbs/year secured
Cameco has contracts in place that support average annual deliveries of more than 28 million pounds of uranium per year over the next five years, demonstrating material secured revenue visibility across the near term.
Read all positive updates
Company Guidance
Cameco reiterated that its 2026 plan is intact, with company share production still guided at 19.5–21.5 million lbs U3O8 and contracts in place averaging >28 million lbs U3O8 per year over the next five years; management said average realized uranium and fuel‑services prices are improving (long‑term uranium in the mid‑$90s and trending toward triple digits), while modestly higher cost guidance was driven mainly by a stronger U.S. dollar impacting purchases. On the Westinghouse side, the DOE made a conditional US$17.5 billion commitment for AP1000 long‑lead items, the disclosed AP1000 pipeline totals 91 reactors, two‑unit economics were cited at roughly US$14–17 billion (total pair spend shown at US$20–26 billion) with Westinghouse expected to capture ~40–45% of project value, recognize ~50% of initial project revenue in the first five years, and realize an average project EBITDA around 20%; despite some short, localized production interruptions (Key Lake, McArthur River, brief Cigar Lake suspension), management confirmed no change to the annual outlook.Clear Channel Outdoor Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
18
Very Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.68B | 1.60B | 1.51B | 1.43B | 1.38B | 1.77B |
| Gross Profit | 1.02B | 681.28M | 824.65M | 773.85M | 792.78M | 881.72M |
| EBITDA | 248.66M | 471.80M | 442.41M | 473.27M | 548.42M | 326.50M |
| Net Income | -220.28M | -104.65M | -179.25M | -310.92M | -96.60M | -433.81M |
Balance Sheet | ||||||
| Total Assets | 3.76M | 3.83B | 4.80B | 4.72B | 5.09B | 5.30B |
| Cash, Cash Equivalents and Short-Term Investments | 192.14K | 190.02M | 109.71M | 251.65M | 282.23M | 410.77M |
| Total Debt | 6.47M | 6.47B | 7.02B | 7.17B | 7.01B | 7.23B |
| Total Liabilities | 7.22M | 7.22B | 8.44B | 8.17B | 8.35B | 8.49B |
| Stockholders Equity | -3.46M | -3.39B | -3.65B | -3.46B | -3.28B | -3.21B |
Cash Flow | ||||||
| Free Cash Flow | 70.27M | 31.98M | -62.65M | -135.34M | -44.69M | -281.50M |
| Operating Cash Flow | 163.60M | 114.86M | 79.75M | 31.25M | 139.99M | -133.50M |
| Investing Cash Flow | -86.05M | 523.26M | -155.94M | -119.57M | -221.70M | -152.70M |
| Financing Cash Flow | -34.33M | -598.29M | -8.18M | 45.64M | -32.72M | -85.24M |
Clear Channel Outdoor Technical Analysis
Negative
2.41
Price Trends
2.40
Negative
2.40
Negative
2.28
Positive
Market Momentum
-0.01
Positive
42.71
Neutral
72.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCO, the sentiment is Negative. The current price of 2.41 is above the 20-day moving average (MA) of 2.39, above the 50-day MA of 2.40, and above the 200-day MA of 2.28, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.71 is Neutral, neither overbought nor oversold. The STOCH value of 72.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CCO.
Clear Channel Outdoor Risk Analysis
Clear Channel Outdoor disclosed 31 risk factors in its most recent earnings report. Clear Channel Outdoor reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Clear Channel Outdoor Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.37B | 20.14 | 18.62% | ― | 8.32% | 280.46% | |
66 Neutral | $24.02B | 47.56 | 4.34% | 3.89% | 40.60% | -83.10% | |
62 Neutral | $238.94M | -28.74 | -2.11% | 3.18% | 5.78% | 61.23% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $2.13B | 137.04 | 2.16% | ― | 6.17% | 351.09% | |
53 Neutral | $5.69B | -17.98 | -9.33% | 5.34% | -2.97% | -165.26% | |
45 Neutral | $1.21B | -5.52 | 8.55% | ― | -2.53% | -47.04% |
* Communication Services Sector Average
CCO
Clear Channel Outdoor
2.36
1.10
87.30%
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NCMI
National Cinemedia
2.67
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OMC
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88.94
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16.88%
WPP
WPP
27.02
1.52
5.94%
MGNI
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23.56
-1.77
-6.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.