Crown Castle Inc (CCI) concluded trading on Thursday at a closing price of $99.88, with 3.15 million shares of worth about $315.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.44% during that period and on May 09, 2024 the price saw a gain of about 2.64%. Currently the company’s common shares owned by public are about 434.00M shares, out of which, 433.78M shares are available for trading.
Stock saw a price change of 3.57% in past 5 days and over the past one month there was a price change of 2.23%. Year-to-date (YTD), CCI shares are showing a performance of -13.29% which decreased to -14.67% 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 $119.60 during that period. The average intraday trading volume for Crown Castle Inc shares is 2.91 million. The stock is currently trading 4.73% above its 20-day simple moving average (SMA20), while that difference is down -1.91% for SMA50 and it goes to -3.17% lower than SMA200.
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Crown Castle Inc (NYSE: CCI) currently have 434.00M outstanding shares and institutions hold larger chunk of about 91.79% of that.
The stock has a current market capitalization of $43.40B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 31.16, while it has posted earnings per share of $3.21 in the same period. It has a debt-to-equity ratio of 4.82. 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 2.46% while standing at 2.11% over the month.
Stock’s fiscal year EPS is expected to drop by -16.79% while it is estimated to decrease by -10.93% in next year. EPS is likely to shrink at an annualized rate of -8.67% for next 5-years, compared to annual growth of 23.06% made by the stock over the past 5-years.
Coverage by BMO Capital Markets stated Crown Castle Inc (CCI) stock as a Market perform in their note to investors on January 19, 2024, suggesting a price target of $110 for the stock. On December 14, 2023, HSBC Securities Initiated their recommendations, while on December 05, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $115. Stock get a Sector perform rating from RBC Capital Mkts on October 16, 2023.
