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Crown Castle Inc. (CCI) – Don’t Be So Quick to Call it Dead

Crown Castle Inc. (NYSE: CCI) is -24.12% lower on its value in year-to-date trading and has touched a low of $153.70 and a high of $209.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCI stock was last observed hovering at around $161.34 in the last trading session, with the day’s loss setting it -2.95% off its average median price target of $199.00 for the next 12 months. It is also 31.13% off the consensus price target high of $230.00 offered by 20 analysts, but current levels are 2.23% higher than the price target low of $162.00 for the same period.

Currently trading at $158.39, the stock is -7.01% and -9.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -1.83% at the moment leaves the stock -12.08% off its SMA200. CCI registered -15.65% loss for a year compared to 6-month gain of -8.98%.

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The stock witnessed a -10.51% loss in the last 1 month and extending the period to 3 months gives it a -5.76%, and is -4.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.62% over the week and 2.37% over the month.

Crown Castle Inc. (CCI) has around 5000 employees, a market worth around $67.91B and $6.75B in sales. Current P/E ratio is 44.47 and Fwd P/E is 40.24. Profit margin for the company is 22.90%. Distance from 52-week low is 3.05% and -24.53% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).

Crown Castle Inc. (CCI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Crown Castle Inc. (CCI) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Crown Castle Inc. is expected to release its quarterly report on 10/19/2022.The EPS is expected to grow by 13.50% this year

Crown Castle Inc. (CCI) Top Institutional Holders

The shares outstanding are 433.00M, and float is at 430.75M with Short Float at 1.10%.

Crown Castle Inc. (CCI) Insider Activity

A total of 6 insider transactions have happened at Crown Castle Inc. (CCI) in the last six months, with sales accounting for 4 and purchases happening 2 times. The most recent transaction is an insider purchase by Stephens Kevin A, the company’s Director. SEC filings show that Stephens Kevin A bought 699 shares of the company’s common stock on Jul 22 at a price of $173.60 per share for a total of $0.12 million. Following the purchase, the insider now owns 10703.0 shares.

Crown Castle Inc. disclosed in a document filed with the SEC on May 03 that Collins Robert Sean (Vice President and Controller) sold a total of 1,000 shares of the company’s common stock. The trade occurred on May 03 and was made at $185.44 per share for $0.19 million. Following the transaction, the insider now directly holds 10082.0 shares of the CCI stock.

Still, SEC filings show that on May 03, Collins Robert Sean (Vice President and Controller) disposed off 1,000 shares at an average price of $185.44 for $0.19 million. The insider now directly holds 10,082 shares of Crown Castle Inc. (CCI).

Crown Castle Inc. (CCI): Who are the competitors?

The company’s main competitors (and peers) include Verizon Communications Inc. (VZ) that is trading -26.93% down over the past 12 months and AT&T Inc. (T) that is -20.39% lower over the same period. T-Mobile US Inc. (TMUS) is 9.50% up on the 1-year trading charts.

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