Is Crown Castle Inc (NYSE: CCI) Proving The Doubters Wrong?

Crown Castle Inc (CCI) concluded trading on Wednesday at a closing price of $115.78, with 5.3 million shares of worth about $613.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.32% during that period and on October 02, 2024 the price saw a loss of about -2.80%. Currently the company’s common shares owned by public are about 434.00M shares, out of which, 433.03M shares are available for trading.

Stock saw a price change of -0.83% in past 5 days and over the past one month there was a price change of 2.14%. Year-to-date (YTD), CCI shares are showing a performance of 0.51% which increased to 27.33% 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 $120.92 during that period. The average intraday trading volume for Crown Castle Inc shares is 2.20 million. The stock is currently trading -1.36% below its 20-day simple moving average (SMA20), while that difference is up 2.27% for SMA50 and it goes to 8.87% higher than SMA200.

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Crown Castle Inc (NYSE: CCI) currently have 434.00M outstanding shares and institutions hold larger chunk of about 92.70% of that.

The stock has a current market capitalization of $50.31B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 42.34, while it has posted earnings per share of $2.73 in the same period. It has a debt-to-equity ratio of 5.20. 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 2.47% while standing at 2.04% over the month.

Stock’s fiscal year EPS is expected to drop by -22.03% while it is estimated to decrease by -0.05% in next year. EPS is likely to shrink at an annualized rate of -6.88% 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.

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