Crown Castle Inc. (CCI)

NYSE: CCI · IEX Real-Time Price · USD
105.60
+0.01 (0.01%)
Mar 28, 2024, 12:53 PM EDT - Market open
0.01%
Market Cap 45.88B
Revenue (ttm) 6.98B
Net Income (ttm) 1.50B
Shares Out 434.52M
EPS (ttm) 3.46
PE Ratio 30.76
Forward PE 36.29
Dividend $6.26 (5.93%)
Ex-Dividend Date Mar 14, 2024
Volume 619,783
Open 105.90
Previous Close 105.59
Day's Range 105.25 - 106.52
52-Week Range 84.72 - 136.29
Beta 0.75
Analysts Buy
Price Target 122.07 (+15.6%)
Earnings Date Apr 17, 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]

Sector Real Estate
IPO Date Aug 14, 1998
Employees 4,700
Stock Exchange NYSE
Ticker Symbol CCI
Full Company Profile

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 Statements

Analyst Forecast

According to 15 analysts, the average rating for CCI stock is "Buy." The 12-month stock price forecast is $122.07, which is an increase of 15.60% from the latest price.

Price Target
$122.07
(15.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

RESTORE VALUE NOW: CROWN CASTLE CO-FOUNDER TED B. MILLER FILES PRELIMINARY PROXY MATERIALS

Crown Castle's Failed Strategy Under Current Leadership Has Destroyed Shareholder Value, Eroded Governance and Trust, and Weakened Employee Morale As a Result, Crown Castle's Stock Price Recently Hit ...

1 hour ago - PRNewsWire

Crown Castle Issues Open Letter to Shareholders

Files Preliminary Proxy Statement; Recommends Shareholders Vote FOR Crown Castle's Director Nominees Addresses Statements by Ted Miller HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (N...

3 days ago - GlobeNewsWire

Crown Castle Deserves Better: An Open Letter to Shareholders from Crown Castle Co-Founder Ted B. Miller

Provides Detailed Operating Plan to Restore Operational Excellence, Bolster Leadership with Experienced Tower Professionals, Maximize Value of the Company's Fiber Business to Position Crown Castle as ...

14 days ago - PRNewsWire

Crown Castle Comments on Self-Serving, Unfounded Litigation Brought by Ted Miller

Attempted Legal Maneuvers Seek To Interfere with CEO Search and Fiber Review Attempted Legal Maneuvers Seek To Interfere with CEO Search and Fiber Review

23 days ago - GlobeNewsWire

Crown Castle Co-Founder Ted B. Miller Issues Statement on Crown Castle's Rewrite of Cooperation Agreement with Elliott

New Agreement Reflects Crown Castle Acknowledgement That Elliott Cooperation Agreement Process was Tainted and is Unlawful Elliott Still Not Required to Retain Equity Ownership in Company, Which Conti...

23 days ago - PRNewsWire

Crown Castle Co-Founder Ted B. Miller Files Lawsuit to Invalidate Crown Castle's Unlawful Cooperation Agreement with Elliott

Asserts That Crown Castle's Cooperation Agreement Struck Prior to Company's Nomination Window Disenfranchises Shareholders and Entrenches Board Cooperation Agreement Granted Two Board Seats and Does N...

4 weeks ago - PRNewsWire

Crown Castle Declares Quarterly Common Stock Dividend

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share....

5 weeks ago - GlobeNewsWire

Crown Castle Reiterates Actions Underway to Enhance and Unlock Shareholder Value

Rejects Slate of Directors Nominated by Ted Miller for Election to Crown Castle's Board Company Remains Focused on CEO Search and Fiber Review No Shareholder Action Required at This Time HOUSTON, Feb....

5 weeks ago - GlobeNewsWire

Crown Castle co-founder launches proxy fight after being rebuffed from Elliott effort

Miller, who left Crown Castle more than two decades ago, called Elliott's cooperation agreement with the company "coercive and disenfranchising."

5 weeks ago - CNBC

Crown Castle Inc. Founder Ted B. Miller Leads Slate of Four Highly Qualified Directors for Board of Crown Castle Inc.

Miller and Nominees Are Committed To Restoring Urgency, Operational Excellence and Shareholder Confidence in Crown Castle Miller and Nominees Bring a Detailed Plan for Optimizing Crown Castle's Fiber ...

Other symbols: ESLTXRX
5 weeks ago - PRNewsWire

Crown Castle co-founder says company could fetch up to $15 bln for fiber assets

Crown Castle's co-founder Ted Miller said on Tuesday that the U.S. telecommunications infrastructure company could fetch as much as $15 billion by selling its fiber assets if it let him and his partne...

5 weeks ago - Reuters

Crown Castle Co-Founder Seeks Board Seats at Big Wireless-Tower Owner

Ted Miller nominates himself and three others to join Crown Castle's board.

6 weeks ago - WSJ

Crown Castle Announces Tax Reporting Information for 2023 Distributions

HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2023 distributions.

2 months ago - GlobeNewsWire

Crown Castle beats annual site rental revenue estimate on steady demand

Wireless tower operator Crown Castle beat Wall Street estimates for annual site rental revenue on Wednesday, driven by steady demand for its communications infrastructure.

2 months ago - Reuters

Crown Castle Reports Fourth Quarter 2023 and Full Year 2023 Results, Maintains Outlook for Full Year 2024

HOUSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the fourth quarter and full year ended December 31, 2023 and maintained its full ye...

2 months ago - GlobeNewsWire

Crown Castle Appoints Bradley Singer to its Board of Directors

HOUSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today the appointment of Bradley E. Singer to its board of directors. Mr. Singer's appointment is ef...

2 months ago - GlobeNewsWire

Final Trades: Abbvie, Stryker, Crown Castle, Marathon Petroleum

Jim Lebenthal, chief equity strategist at Cerity Partners, Jenny Harrington, Gilman Hill Asset Management CEO, Joe Terranova, senior managing director at Virtus Investment Partners, and Brenda Vingiel...

Other symbols: ABBVMPCSYK
2 months ago - CNBC Television

Crown Castle Announces Fourth Quarter 2023 Earnings Conference Call Details

HOUSTON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") plans to release its fourth quarter 2023 results on Wednesday, January 24, 2024, after the market closes. In c...

2 months ago - GlobeNewsWire

Crown Castle gives in to Elliott's demands with fiber unit review, board changes

Dec 20 (Reuters) - Crown Castle (CCI.N) on Wednesday announced a review of its fiber business and replaced two directors on its board as part of a deal with activist investor Elliott, which has sought...

3 months ago - Reuters

Crown Castle hires bankers for strategic review of its fiber business as part of pact with Elliott Investment Management

Crown Castle Inc.'s stock CCI, +1.40% was up by 1.8% in premarket trading on Wednesday after the wireless infrastructure real estate investment trust said it hired Morgan Stanley and BofA Securities t...

3 months ago - Market Watch

Jenny Harrington's top dividend picks for 2024: OGN, NYCB, WHR, CWEN, OKE, CCI and STX

Jenny Harrington, Gilman Hill Asset Management CEO, discusses her top dividend picks for 2024.

Other symbols: CWENNYCBOGNOKESTXWHR
3 months ago - CNBC Television

Midday Movers: Paramount Surges on Potential Buyout, Crown Castle Falls as CEO Exits

U.S. equities advanced at midday as reports on job creation, unemployment, and consumers' outlook suggested the economy could avoid a “hard landing.” The Dow, S&P 500, and Nasdaq all gained.

Other symbols: PARAPARAA
3 months ago - Investopedia

Crown Castle draws positive comment from Elliott after it names interim chief executive

Crown Castle Inc.'s stock CCI, +0.47% was up by 0.6% in premarket trading on Friday after activist investor Elliott Investment Management LP said the company's move to replace its chief executive mark...

3 months ago - Market Watch

Crown Castle CEO to retire, handing win to activist investor Elliott

Crown Castle's CEO will retire in January, partially satisfying a demand from activist investor Elliott for new management at the cell phone tower company

3 months ago - CNBC

Crown Castle Announces CEO Transition

Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO

3 months ago - GlobeNewsWire