Better Times Ahead For Crown Castle Inc (NYSE: CCI)?

Crown Castle Inc (CCI) concluded trading on 01/11/24 at a closing price of $112.72, with 2.76 million shares of worth about $311.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.30% during that period and on Thursday the price saw a loss of about -0.61%. Currently the company’s common shares owned by public are about 433.00M shares, out of which, 431.82M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 60 times over the past 12 months. They bought 107,723 shares in 46 of the transactions. In 14 selling transactions, insiders dumped 54,834 shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Crown Castle Inc (NYSE: CCI) started trading at $112.92, below -$0.49 from concluding price of the previous day. However, the stock later moved at a day high price of 113.29, or with a loss of -0.61%. Stock saw a price change of -1.12% in past 5 days and over the past one month there was a price change of -1.57%. Year-to-date (YTD), CCI shares are showing a performance of -2.14% which decreased to -23.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $84.72 but also hit the highest price of $153.98 during that period. The average intraday trading volume for Crown Castle Inc shares is 3.72 million. The stock is currently trading -1.60% below its 20-day simple moving average (SMA20), while that difference is up 3.62% for SMA50 and it goes to 3.36% higher than SMA200.

Crown Castle Inc (NYSE: CCI) currently have 433.00M outstanding shares and institutions hold larger chunk of about 91.96% of that.

The stock has a current market capitalization of $48.89B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 31.54, while it has posted earnings per share of $3.57 in the same period. It has a debt-to-equity ratio of 4.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CCI, volatility over the week remained 1.68% while standing at 1.96% over the month.

Analysts are in expectations that Crown Castle Inc (CCI) stock would likely to be making an EPS of $Cameco Corporation in the current quarter, while forecast for next quarter EPS is $46.66 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $The Cigna Group which is $Cummins Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Crown Castle Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.56% while it is estimated to decrease by -14.04% in next year. EPS is likely to shrink at an annualized rate of -9.67% for next 5-years, compared to annual growth of 30.80% made by the stock over the past 5-years.

Analysts at 20 brokerage firms have issued recommendations for the Crown Castle Inc (CCI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.55. Out of those 20 Wall Street analysts, 6 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 14, 2023 offering a Hold rating for the stock and assigned a target price of $110 to it.

Most Popular

Related Posts