Crown Castle Inc. (NYSE: CCI) is -18.22% lower on its value in year-to-date trading and has touched a low of $111.35 and a high of $192.07 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 $112.96 in the last trading session, with the day’s loss setting it -2.04% off its average median price target of $150.00 for the next 12 months. It is also 32.78% off the consensus price target high of $165.00 offered by 19 analysts, but current levels are 17.84% higher than the price target low of $135.00 for the same period.
Currently trading at $110.92, the stock is -5.25% and -11.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -1.81% at the moment leaves the stock -20.96% off its SMA200. CCI registered -39.52% loss for a year compared to 6-month loss of -19.97%. The firm has a 50-day simple moving average (SMA 50) of $12.22 and a 200-day simple moving average (SMA200) of $20.82.
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The stock witnessed a -9.25% gain in the last 1 month and extending the period to 3 months gives it a -17.38%, and is -3.08% 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 2.24% over the week and 2.43% over the month.
Crown Castle Inc. (CCI) has around 5000 employees, a market worth around $48.49B and $7.02B in sales. Current P/E ratio is 28.79 and Fwd P/E is 31.94. Profit margin for the company is 23.80%. Distance from 52-week low is -0.39% and -42.25% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
Crown Castle Inc. (CCI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Crown Castle Inc. (CCI) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.50, where 8 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Crown Castle Inc. is expected to release its quarterly report on 07/19/2023.The EPS is expected to grow by 44.60% this year
Crown Castle Inc. (CCI) Top Institutional Holders
The shares outstanding are 433.00M, and float is at 430.78M with Short Float at 0.97%.
Crown Castle Inc. (CCI) Insider Activity
A total of 54 insider transactions have happened at Crown Castle Inc. (CCI) in the last six months, with sales accounting for 11 and purchases happening 43 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 1,000 shares of the company’s common stock on May 02 at a price of $118.00 per share for a total of $0.12 million. Following the purchase, the insider now owns 15416.0 shares.
Crown Castle Inc. disclosed in a document filed with the SEC on Apr 27 that Nichol Laura B (EVP – Business Support) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Apr 27 and was made at $120.97 per share for $0.6 million. Following the transaction, the insider now directly holds 16782.0 shares of the CCI stock.
Still, SEC filings show that on Apr 25, Levendos Christopher (EVP & COO – Fiber) disposed off 14,472 shares at an average price of $124.04 for $1.8 million. The insider now directly holds 4,759 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 -27.78% down over the past 12 months and AT&T Inc. (T) that is -23.10% lower over the same period. T-Mobile US Inc. (TMUS) is 7.78% up on the 1-year trading charts.