Streetbeat News

CCI

Crown Castle Inc.

https://www.crowncastle.com

Industry

REIT - Specialty

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

Open

102.80

Mkt cap

45B

Volume

2.3M

High

104.16

P/E Ratio

36.81

52-wk high

120.92

Low

102.70

Div yield

0.06

52-wk low

92.48

Crown Castle (NYSE:CCI) has been analyzed by 8 analysts, showing a range of ratings from bullish to indifferent. Recent analyst actions include both raised and lowered price targets, with an average 12-month target of $116.75, up 4.35% from the previous average. Despite positive analyst sentiment, Crown Castle faces financial challenges, including a -12.91% revenue decline, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 2:00 pm

Jefferies analyst Jonathan Petersen maintains a Buy rating on Crown Castle (NYSE:CCI) and raises the price target from $123 to $127.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:56 pm

TD Cowen analyst Gregory Williams maintains a Buy rating on Crown Castle (NYSE:CCI) but lowers the price target from $127 to $123.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:15 pm

Crown Castle has maintained its full-year 2024 AFFO per share forecast between $6.91 and $7.02, aligning with estimates of $6.97. However, the company has reduced its net income outlook.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:12 pm

Crown Castle (NYSE:CCI) reported Q3 2024 AFFO of $1.84 per share, beating estimates of $1.78, and sales of $1.65 billion, surpassing the $1.63 billion estimate. AFFO increased by 3.95% year-over-year, while sales decreased by 0.90%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:08 pm

Crown Castle (NYSE:CCI) is set to announce its quarterly earnings on October 16, 2024. Analysts estimate an EPS of $1.80. The company's past performance shows mixed results, with a recent EPS miss leading to a slight stock price drop. Analysts rate Crown Castle as Neutral, with a modest price target upside. The company faces challenges in revenue growth and profitability compared to peers.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:02 pm

Barclays analyst Tim Long maintains an Equal-Weight rating on Crown Castle (NYSE:CCI) and raises the price target from $112 to $116.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:19 pm

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round.' He considers VICI Properties 'fine' and recommends buying Schlumberger Limited as the 'best of breed.' Cramer also commented on other stocks like STMicroelectronics, Micron Technology, Tetra Tech, Crown Castle, New Fortress Energy, and Pure Storage.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 12:53 pm

Crown Castle (NYSE:CCI) has delivered an average annual return of 10.52% over the past 20 years, outperforming the market by 2.1% annually. A $1000 investment in CCI 20 years ago would be worth $7,489.89 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:31 pm

Zayo Group and TPG are reportedly bidding for Crown Castle's fiber and wireless assets, which could be valued at nearly $10 billion.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:04 pm

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