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NYSE:CCI

Crown Castle (CCI) Stock Price, News & Analysis

$94.26
-0.11 (-0.12%)
(As of 10:16 AM ET)
Today's Range
$93.80
$94.80
50-Day Range
$93.03
$112.92
52-Week Range
$84.72
$131.43
Volume
303,897 shs
Average Volume
2.77 million shs
Market Capitalization
$40.96 billion
P/E Ratio
29.46
Dividend Yield
6.64%
Price Target
$119.40

Crown Castle MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
26.5% Upside
$119.40 Price Target
Short Interest
Healthy
1.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.94
Upright™ Environmental Score
News Sentiment
0.22mentions of Crown Castle in the last 14 days
Based on 36 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.49%
From $6.59 to $6.36 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Finance Sector

237th out of 848 stocks

Real Estate Investment Trusts Industry

40th out of 181 stocks

CCI stock logo

About Crown Castle Stock (NYSE:CCI)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.

CCI Stock Price History

CCI Stock News Headlines

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The Analyst Landscape: 4 Takes On Crown Castle
Q1 2024 Crown Castle Inc Earnings Call
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
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Crown Castle: Q1 Earnings Snapshot
Crown Castle Q1 AFFO Declines
Crown Castle Becomes Oversold
Crown Castle Q1 2024 Earnings Preview
Crown Castle Appoints Steven Moskowitz As President And CEO
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
4/17/2024
Today
4/18/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
CUSIP
22822710
Employees
4,700
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$119.40
High Stock Price Target
$149.00
Low Stock Price Target
$104.00
Potential Upside/Downside
+26.0%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
14 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
21.89%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$7.61 per share
Book Value
$14.71 per share

Miscellaneous

Free Float
432,825,000
Market Cap
$41.01 billion
Optionable
Optionable
Beta
0.73

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Should I Buy Crown Castle Stock? CCI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Crown Castle Inc.:

  • Crown Castle has a diverse portfolio of over 40,000 cell towers and 85,000 route miles of fiber, providing essential infrastructure for wireless communication.
  • The company has shown consistent growth in revenue and earnings, indicating financial stability and potential for future returns.
  • Recent stock price performance shows resilience and potential for capital appreciation, making it an attractive investment opportunity.
  • Crown Castle's strong dividend yield of 6.25% provides investors with a steady income stream, enhancing the total return on investment.
  • Analysts have issued positive ratings on the stock, with an average price target of $126.50, suggesting further upside potential.

Cons

Investors should be bearish about investing in Crown Castle Inc. for these reasons:

  • The company's high debt-to-equity ratio of 3.46 may pose risks in times of economic downturns or rising interest rates, impacting profitability.
  • Market volatility and regulatory changes in the telecommunications industry could affect Crown Castle's operations and financial performance.
  • Competition from other infrastructure providers and technological advancements may challenge Crown Castle's market position and growth prospects.
  • Uncertainties in macroeconomic conditions and global events could impact the demand for Crown Castle's services and infrastructure solutions.
  • Investors should carefully monitor the company's P/E ratio, P/E/G ratio, and beta to assess the stock's valuation and risk profile before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Crown Castle pros and cons to contact@marketbeat.com.

CCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Crown Castle stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crown Castle in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCI, but not buy additional shares or sell existing shares.
View CCI analyst ratings
or view top-rated stocks.

What is Crown Castle's stock price target for 2024?

14 brokers have issued 1-year target prices for Crown Castle's shares. Their CCI share price targets range from $104.00 to $149.00. On average, they expect the company's share price to reach $119.40 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for CCI
or view top-rated stocks among Wall Street analysts.

How have CCI shares performed in 2024?

Crown Castle's stock was trading at $115.19 at the beginning of 2024. Since then, CCI stock has decreased by 18.1% and is now trading at $94.37.
View the best growth stocks for 2024 here
.

Are investors shorting Crown Castle?

Crown Castle saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,870,000 shares, an increase of 34.9% from the February 29th total of 3,610,000 shares. Based on an average daily volume of 2,730,000 shares, the short-interest ratio is presently 1.8 days.
View Crown Castle's Short Interest
.

When is Crown Castle's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our CCI earnings forecast
.

How were Crown Castle's earnings last quarter?

Crown Castle Inc. (NYSE:CCI) released its quarterly earnings data on Wednesday, April, 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $1.63 by $0.92. The real estate investment trust earned $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a trailing twelve-month return on equity of 20.78% and a net margin of 20.32%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share.
Read the conference call transcript
.

How often does Crown Castle pay dividends? What is the dividend yield for Crown Castle?

Crown Castle declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, March 15th will be paid a dividend of $1.565 per share on Thursday, March 28th. This represents a $6.26 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for CCI
.

Is Crown Castle a good dividend stock?

Crown Castle (NYSE:CCI) pays an annual dividend of $6.26 per share and currently has a dividend yield of 6.73%. CCI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 195.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CCI will have a dividend payout ratio of 98.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCI.

What guidance has Crown Castle issued on next quarter's earnings?

Crown Castle updated its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share guidance of 6.850-6.970 for the period, compared to the consensus EPS estimate of 6.880. The company issued revenue guidance of -.

What is Jay Brown's approval rating as Crown Castle's CEO?

205 employees have rated Crown Castle Chief Executive Officer Jay Brown on Glassdoor.com. Jay Brown has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Crown Castle own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Crown Castle investors own include NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), American Tower (AMT) and Home Depot (HD).

Who are Crown Castle's major shareholders?

Crown Castle's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.21%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.11%), Wealth Enhancement Advisory Services LLC (0.05%), Ferguson Wellman Capital Management Inc. (0.05%), Gateway Investment Advisers LLC (0.04%) and Rheos Capital Works Inc. (0.03%). Insiders that own company stock include Catherine Piche, Christopher Levendos, J Landis Martin, Kevin A Stephens, Laura B Nichol, Matthew Thornton III, Michael Joseph Kavanagh and Robert Sean Collins.
View institutional ownership trends
.

How do I buy shares of Crown Castle?

Shares of CCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Crown Castle have any subsidiaries?
The following companies are subsidiares of Crown Castle: CC Holdings GS V LLC, CC Sunesys Fiber Networks LLC, CC Towers Guarantor LLC, CC Towers Holding LLC, CCATT Holdings LLC, CCATT LLC, CCGS Holdings Corp., CCS & E LLC, CCT2 Holdings LLC, CCTM Holdings LLC, CCTM1 LLC, CCTMO LLC, Crown Atlantic Company LLC, Crown Castle Atlantic LLC, Crown Castle BP ATT LLC, Crown Castle CA Corp., Crown Castle GT Company LLC, Crown Castle GT Corp., Crown Castle GT Holding Sub LLC, Crown Castle International Corp. de Puerto Rico, Crown Castle Investment Corp., Crown Castle NG Central LLC, Crown Castle NG East LLC, Crown Castle NG Networks LLC, Crown Castle NG West LLC, Crown Castle Operating Company, Crown Castle PR LLC, Crown Castle PT Inc., Crown Castle Solutions LLC, Crown Castle South LLC, Crown Castle Towers 06-2 LLC, Crown Castle Towers LLC, Crown Castle USA Inc., Crown Communication LLC, Fibernet Direct Florida LLC, Fibernet Direct Holdings LLC, Fibernet Direct TEL LLC, Fibernet Direct Texas LLC, Global Signal, Global Signal Acquisitions II LLC, Global Signal Acquisitions III LLC, Global Signal Acquisitions IV LLC, Global Signal Acquisitions LLC, Global Signal GP LLC, Global Signal Holdings III LLC, Global Signal Operating Partnership L.P., GoldenState Towers LLC, InfraSource FI LLC, Lightower Fiber Networks, MW Cell REIT 1 LLC, NewPath Networks, NextG Networks, OP LLC, PR Site Development Corporation, Pinnacle Towers Acquisition Holdings LLC, Pinnacle Towers Acquisition LLC, Pinnacle Towers LLC, Sunesys LLC, Tower Development, Towers Development Corporation, Towers Ventures III LLC, TriStar Investors, WCP Wireless Site RE Funding LLC, WCP Wireless Site RE Holdco LLC, and Wilcon.
Read More
This page (NYSE:CCI) was last updated on 4/19/2024 by MarketBeat.com Staff

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