Crown Castle International Corp. (REIT) [NYSE: CCI] plunged by -$2.56 during the normal trading session on Thursday and reaching a high of $170.34 during the day while it closed the day at $168.09. The company report on November 16, 2020 that DISH Signs Multi-Year Anchor Tenant Tower Agreement with Crown Castle.
DISH and Crown Castle today announced a long-term agreement through which Crown Castle will lease DISH space on up to 20,000 communication towers. As part of the agreement, DISH will receive certain fiber transport services and also have the option to utilize Crown Castle for pre-construction services. The agreement encompasses leases on towers located nationwide, helping DISH facilitate its buildout of the first open, standalone and virtualized 5G network in the U.S.
Crown Castle is the first infrastructure partnership DISH has announced. Over the past several months, DISH has made several wireless vendor announcements, including software, core, BSS/OSS, and 5G radios. These agreements provide a clear path toward DISH’s rollout of a nationwide 5G network.
Crown Castle International Corp. (REIT) stock has also gained 0.68% of its value over the past 7 days. However, CCI stock has inclined by 3.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.61% and gained 18.25% year-on date.
The market cap for CCI stock reached $72.04 billion, with 431.00 million shares outstanding and 429.12 million shares in the current float. Compared to the average trading volume of 1.77M shares, CCI reached a trading volume of 2209143 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Crown Castle International Corp. [REIT] [CCI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCI shares is $176.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Crown Castle International Corp. (REIT) shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 26, 2020. The new note on the price target was released on August 20, 2020, representing the official price target for Crown Castle International Corp. (REIT) stock. Previously, the target price had yet another raise to $197, while Barclays analysts kept a Overweight rating on CCI stock.
The Average True Range (ATR) for Crown Castle International Corp. (REIT) is set at 4.19, with the Price to Sales ratio for CCI stock in the period of the last 12 months amounting to 12.48. The Price to Book ratio for the last quarter was 7.55, with the Price to Cash per share for the same quarter was set at 0.56.
CCI stock trade performance evaluation
Crown Castle International Corp. (REIT) [CCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.68. With this latest performance, CCI shares gained by 2.63% in over the last four-week period, additionally plugging by 7.61% over the last 6 months – not to mention a rise of 22.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCI stock in for the last two-week period is set at 59.39, with the RSI for the last a single of trading hit 59.32, and the three-weeks RSI is set at 55.46 for Crown Castle International Corp. (REIT) [CCI]. The present Moving Average for the last 50 days of trading for this stock 163.21, while it was recorded at 167.70 for the last single week of trading, and 161.01 for the last 200 days.
Crown Castle International Corp. [REIT] [CCI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Crown Castle International Corp. (REIT) [CCI] shares currently have an operating margin of +15.94 and a Gross Margin at +38.70. Crown Castle International Corp. (REIT)’s Net Margin is presently recorded at +15.09.
Return on Total Capital for CCI is now 2.88, given the latest momentum, and Return on Invested Capital for the company is 2.75. Return on Equity for this stock inclined to 7.64, with Return on Assets sitting at 2.41. When it comes to the capital structure of this company, Crown Castle International Corp. (REIT) [CCI] has a Total Debt to Total Equity ratio set at 228.15. Additionally, CCI Total Debt to Total Capital is recorded at 69.53, with Total Debt to Total Assets ending up at 62.21. Long-Term Debt to Equity for the company is recorded at 224.35, with the Long-Term Debt to Total Capital now at 68.37.
Reflecting on the efficiency of the workforce at the company, Crown Castle International Corp. (REIT) [CCI] managed to generate an average of $168,627 per employee. Receivables Turnover for the company is 2.93 with a Total Asset Turnover recorded at a value of 0.16.Crown Castle International Corp. (REIT)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Earnings per share (EPS) analysis for Crown Castle International Corp. (REIT) [CCI] stock
With the latest financial reports released by the company, Crown Castle International Corp. (REIT) posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crown Castle International Corp. (REIT) go to 17.40%.
Crown Castle International Corp. [REIT] [CCI]: Insider Ownership positions
There are presently around $66,178 million, or 91.40% of CCI stock, in the hands of institutional investors. The top three institutional holders of CCI stocks are: VANGUARD GROUP INC with ownership of 53,131,773, which is approximately -1.363% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 30,072,262 shares of the stock with an approximate value of $5.05 billion in CCI stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.68 billion in CCI stock with ownership of nearly 0.714% of the company’s market capitalization.
Positions in Crown Castle International Corp. (REIT) stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 603 institutional holders increased their position in Crown Castle International Corp. (REIT) [NYSE:CCI] by around 20,960,887 shares. Additionally, 486 investors decreased positions by around 28,308,310 shares, while 136 investors held positions by with 344,436,894 shares. The mentioned changes placed institutional holdings at 393,706,091 shares, according to the latest SEC report filing. CCI stock had 97 new institutional investments in for a total of 1,527,652 shares, while 97 institutional investors sold positions of 3,572,572 shares during the same period.