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 Inc. (NYSE:CCI) reported Q1 sales of $1.64 billion, slightly above expectations, and maintained its 2024 AFFO per share outlook of $6.85 to $6.97. Despite positive results, shares fell 1% after analysts from BMO Capital and Scotiabank lowered their price targets on CCI following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 1:30 pm

Scotiabank analyst Maher Yaghi has maintained a Sector Perform rating on Crown Castle (NYSE:CCI) but lowered the price target from $133 to $118.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:07 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Tesla, United Airlines, and BJ's Wholesale Club. Notable changes include a downgrade for Tesla from Deutsche Bank with a new price target of $123, and Morgan Stanley raising the price target for United Airlines to $80. Other companies mentioned with updated analyst forecasts include Cinemark, U.S. Bancorp, Knight-Swift Transportation, Crown Castle, Barnes Group, Cadence Design Systems, and Vertex Pharmaceuticals.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 12:46 pm

BMO Capital analyst Ari Klein maintains a Market Perform rating on Crown Castle (NYSE:CCI) and lowers the price target from $110 to $105.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:56 am

Crown Castle's shares increased in value after the company reported a slight beat in Q1 revenue and an in-line adjusted funds from operations (AFFO).

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:24 am

Crown Castle has reaffirmed its full-year 2024 outlook, projecting an Adjusted Funds From Operations (AFFO) per share in the range of $6.85 to $6.97, aligning with the estimated $6.92.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:21 pm

Crown Castle (NYSE:CCI) reported Q1 AFFO per share of $1.72, meeting analyst expectations, and sales of $1.64B, slightly above the $1.63B estimate. This represents a 9.95% decrease in earnings and a 7.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:18 pm

Crown Castle's (NYSE:CCI) short interest has decreased to 4.63 million shares, or 1.23% of float, indicating a potential shift in market sentiment towards a more bullish outlook compared to its peers. The company's short interest is below the peer group average of 4.11%, suggesting less bearish sentiment among investors. This change could influence the stock's short-term performance, although it does not guarantee a price increase.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:45 pm

Earnings reports for April 17, 2024, include a wide range of companies across various sectors, with projections covering earnings per share and revenue. Notable companies reporting include ASML Holding, VinFast Auto, Prologis, Abbott Laboratories, and U.S. Bancorp before the bell, and Exela Technologies, Las Vegas Sands, Equifax, Alcoa, and CSX after the bell.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:15 am

Crown Castle has issued a call to its shareholders, urging them to vote in favor of its slate of 13 nominees for the company's board. This move underscores the company's efforts to ensure that its strategic direction and governance are aligned with shareholder interests.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:30 am

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