Crown Castle Inc. (CCI)
| Market Cap | 45.82B |
| Revenue (ttm) | 6.59B |
| Net Income (ttm) | 1.23B |
| Shares Out | 434.60M |
| EPS (ttm) | 2.82 |
| PE Ratio | 37.39 |
| Forward PE | 45.94 |
| Dividend | $6.26 (5.94%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 1,541,847 |
| Open | 105.31 |
| Previous Close | 104.50 |
| Day's Range | 104.92 - 105.80 |
| 52-Week Range | 92.48 - 120.92 |
| Beta | 0.87 |
| Analysts | Hold |
| Price Target | 116.07 (+10.08%) |
| Earnings Date | Oct 16, 2024 |
About 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. [Read more]
Financial Performance
In 2023, Crown Castle's revenue was $6.98 billion, a decrease of -0.07% compared to the previous year's $6.99 billion. Earnings were $1.50 billion, a decrease of -10.33%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for CCI stock is "Hold." The 12-month stock price forecast is $116.07, which is an increase of 10.08% from the latest price.
News
Crown Castle: Buy The Dip Hand Over Fist
Crown Castle Inc. presents a compelling buy-the-dip opportunity with a high dividend yield of 6.1% and a historically low valuation. CCI's strong Q3 performance, driven by robust growth in small cells...
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Crown Castle Is Still A Better Play Than American Tower
American Tower Corporation's international growth and asset sales have improved its relative position, but Crown Castle Inc. remains a strong buy due to its upside potential. Crown Castle has faced re...
Crown Castle: Paving The Way For AI-Backed Dividends
Crown Castle remains a solid investment with a 5.6% yield, covered by earnings, despite slower growth and operational challenges. CCI's valuation has improved, and it is well-positioned to capitalize ...
Crown Castle Can See Growth In The Easing Economic Environment (Upgrade)
Crown Castle Inc. is restructuring, cutting 7,000 greenfield small cell nodes to save $800 million, and is focusing on less risky colocation projects for growth. Crown Castle will likely experience a ...
Crown Castle: Between Significant Undervaluation And Dividend Cut Risks
Crown Castle is poised for double-digit growth with a 40,000 small cell node backlog, benefiting from rising mobile data demand. Despite recent underperformance, CCI's strong balance sheet and cost-sa...
Crown Castle Inc. (CCI) Q3 2024 Earnings Call Transcript
Crown Castle Inc. (NYSE:CCI) Q3 2024 Earnings Conference Call October 16, 2024 5:00 PM ET Company Participants Kris Hinson - VP, Corporate Finance & Treasurer Steven Moskowitz - CEO Daniel Schlanger ...
Wireless tower operator Crown Castle lowers full year net income forecast
Crown Castle lowered its full-year 2024 net income forecast on Wednesday, due to slower tower leasing activity in wake of wireless carriers tightening budgets.
Crown Castle Reports Third Quarter 2024 Results
HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2024 and maintained its full year 2024 Outloo...
Exclusive: EQT-backed Zayo, TPG vie for Crown Castle assets worth nearly $10 billion, sources say
Fiber network owner Zayo Group and buyout firm TPG are competing to acquire the fiber and wireless assets of Crown Castle , in a deal that could be valued at nearly $10 billion, according to people fa...
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Crown Castle Announces Third Quarter 2024 Earnings Conference Call Details
HOUSTON, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") plans to release its third quarter 2024 results on Wednesday, October 16, 2024, after the market closes. In c...
Crown Castle Inc. (CCI) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)
Crown Castle Inc. (NYSE:CCI) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:00 AM ET Company Participants Daniel Schlanger - CFO Conference Call Partic...
Crown Castle: Attractive, Undervalued Opportunity
Crown Castle Inc. offers a relatively safe 5.4% yield and trades at an appealing valuation. The cell tower industry is a growth sector with limited competition. Crown Castle's strategic review and cos...
Crown Castle to Present at the 2024 RBC Capital Markets Global Communications Infrastructure Conference
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Executive Vice President and Chief Financial Officer is sc...
Crown Castle Inc. (CCI) Goldman Sachs Communacopia & Technology Conference (Transcript)
Crown Castle Inc. (NYSE:CCI) Goldman Sachs Communacopia & Technology Conference Call September 10, 2024 10:30 AM ET Company Participants Dan Schlanger - Chief Financial Officer Conference Call Partic...
Crown Castle: Lower Rates Offer Tailwind, But Competitive And Refinancing Risks Mount (Rating Upgrade)
Crown Castle's valuation has declined due to rising interest rates, impacting its leverage and dividend fair value. The telecom REIT faces significant long-term risks from high debt, competitive press...
Crown Castle Inc. (CCI) Citi's 2024 Global TMT Conference (Transcript)
Crown Castle Inc. (NYSE:CCI) Citi's 2024 Global TMT Conference September 5, 2024 3:00 PM ET Company Participants Dan Schlanger - Executive Vice President, Chief Financial Officer Conference Call Part...
Crown Castle Inc. (CCI) Management presents at Bank of America 2024 Media, Communications & Entertainment Conference (Transcript)
Crown Castle Inc. (NYSE:CCI) Bank of America 2024 Media, Communications & Entertainment Conference September 4, 2024 11:20 AM ET Company Participants Dan Schlanger - CFO Conference Call Participants ...
If I Had To Retire Today With 10 REITs - Part 1
I recommend owning 10-20 diversified REITs, considering risk tolerance, and including REIT preferreds or bonds for a balanced portfolio. Sun Communities shows strong growth in manufactured housing and...
Crown Castle to Present at the Goldman Sachs 2024 Communacopia & Technology Conference
HOUSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Executive Vice President and Chief Financial Officer is sch...