Crown Castle Inc. (CCI)
| Market Cap | 49.96B |
| Revenue (ttm) | 7.07B |
| Net Income (ttm) | 1.55B |
| Shares Out | 433.69M |
| EPS (ttm) | 3.58 |
| PE Ratio | 32.18 |
| Forward PE | 39.11 |
| Dividend | $6.26 (5.43%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 1,900,215 |
| Open | 115.03 |
| Previous Close | 116.11 |
| Day's Range | 114.36 - 116.06 |
| 52-Week Range | 84.72 - 153.98 |
| Beta | 0.76 |
| Analysts | Buy |
| Price Target | 126.24 (+9.59%) |
| Earnings Date | Jan 24, 2024 |
About CCI
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. [Read more]
Financial Performance
In 2022, Crown Castle's revenue was $6.99 billion, an increase of 10.19% compared to the previous year's $6.34 billion. Earnings were $1.68 billion, an increase of 52.83%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for CCI stock is "Buy." The 12-month stock price forecast is $126.24, which is an increase of 9.59% from the latest price.
News
Crown Castle gives in to Elliott's demands with fiber unit review, board changes
Dec 20 (Reuters) - Crown Castle (CCI.N) on Wednesday announced a review of its fiber business and replaced two directors on its board as part of a deal with activist investor Elliott, which has sought...
Crown Castle hires bankers for strategic review of its fiber business as part of pact with Elliott Investment Management
Crown Castle Inc.'s stock CCI, +1.40% was up by 1.8% in premarket trading on Wednesday after the wireless infrastructure real estate investment trust said it hired Morgan Stanley and BofA Securities t...
Jenny Harrington's top dividend picks for 2024: OGN, NYCB, WHR, CWEN, OKE, CCI and STX
Jenny Harrington, Gilman Hill Asset Management CEO, discusses her top dividend picks for 2024.
Midday Movers: Paramount Surges on Potential Buyout, Crown Castle Falls as CEO Exits
U.S. equities advanced at midday as reports on job creation, unemployment, and consumers' outlook suggested the economy could avoid a “hard landing.” The Dow, S&P 500, and Nasdaq all gained.
Crown Castle draws positive comment from Elliott after it names interim chief executive
Crown Castle Inc.'s stock CCI, +0.47% was up by 0.6% in premarket trading on Friday after activist investor Elliott Investment Management LP said the company's move to replace its chief executive mark...
Crown Castle CEO to retire, handing win to activist investor Elliott
Crown Castle's CEO will retire in January, partially satisfying a demand from activist investor Elliott for new management at the cell phone tower company
Crown Castle Announces CEO Transition
Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO
Elliott reiterates call for new chief executive at Crown Castle
Elliott Investment Management LP said Thursday it compiled positive responses from investors, analysts and industry leaders on the merits of its recommendations for cellular tower REIT Crown Castle In...
Elliott Sends Letter to the Board of Crown Castle Inc. Summarizing Feedback Supportive of Change
Responses From Investment Community, Current and Former Employees and Industry Experts Overwhelmingly Support the Need for Change Highlights Widespread Lack of Confidence in Company's Strategy, Curren...
Crown Castle Announces Pricing of Senior Notes Offering
HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today that it has priced its previously announced public offering of 5.600% Senior Notes due 2029 an...
Crown Castle Announces Proposed Offering of Senior Notes
HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today that it is commencing a public offering of one or more series of senior notes, subject to mark...
Crown Castle to Present at the Barclays Global Technology Conference 2023
HOUSTON, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Jay Brown, Crown Castle's Chief Executive Officer, is scheduled to present on Thursday, D...
Investing With Elliott: A Look at Crown Castle's Attractive Dividend Yield, Undervaluation
Crown Castle Inc. (CCI, Financial) has experienced a significant decline in its market value over the past two years, witnessing a nearly 50% drop. From its peak at almost $209 in December 2021, the s...
Crown Castle Appoints Chris Levendos as Chief Operating Officer for Towers and Fiber
HOUSTON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that, following a monthslong external and internal search, Chris Levendos has been appointed a...
Elliott Investment Management Calls for Shake-Up in Leadership at Crown Castle
Crown Castle Inc. (CCI) shares jumped Monday after activist investor Elliott Investment Management LP made another attempt to shake up the provider of wireless towers and fiber-optic cables.
Crown Castle Issues Statement in Response to Elliott
HOUSTON, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today issued the following statement in response to Elliott Investment Management L.P. ("Elliott"):
Midday Movers: GE HealthCare Slumps, Crown Castle Advances
U.S. equities were mixed and little changed at midday Monday ahead of key inflation data due later in the week. The Dow and S&P 500 lost ground, while the Nasdaq was in the green.
Elliott reveals sizable stake in Crown Castle: here's what it is pushing for
Crown Castle Inc (NYSE: CCI) is in focus this morning after Elliott Investment Management announced to have taken a stake worth more than $2.0 billion in the telecommunications giant.
Cramer's Mad Dash: Crown Castle
CNBC's Jim Cramer delivers his daily Mad Dash.
Crown Castle's stock climbs after activist investor calls for leadership change given ‘breathtaking' underperformance
Shares of Crown Castle Inc. CCI climbed 5.7% toward a four-month high in premarket trading Monday, after activist investor Elliott Investment Management LP called for “significant changes,” including ...
Crown Castle stock price analysis as Elliot ups pressure on the REIT
Crown Castle (NYSE: CCI) stock price will be in the spotlight on Monday as investors react to the additional pressure by Elliot Management, one of the leading activist investors in the world. Shares o...
Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024
Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.
AMT Vs CCI: Which REIT Stock Is A Better Buy?
American Tower and Crown Castle are two of the largest REITs in the U.S. Here's a look at both to help you decide if either potentially fit in your portfolio.
Crown Castle to Present at the Morgan Stanley 2023 European Technology, Media & Telecom Conference
HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Chief Financial Officer, is scheduled to present on Thursda...
Crown Castle Declares Quarterly Common Stock Dividend
HOUSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share....