Shares of Crown Castle Inc. (NYSE:CCI – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $98.5222.
A number of analysts have recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group began coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. BMO Capital Markets upped their target price on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th.
Get Our Latest Analysis on Crown Castle
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Crown Castle Stock Performance
Shares of CCI opened at $78.02 on Friday. The stock has a 50-day moving average of $85.41 and a two-hundred day moving average of $86.08. The stock has a market cap of $34.05 billion, a P/E ratio of 32.24, a P/E/G ratio of 0.40 and a beta of 0.95. Crown Castle has a one year low of $73.75 and a one year high of $115.76.
Crown Castle (NYSE:CCI – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. During the same period last year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Analysts predict that Crown Castle will post 4.22 EPS for the current fiscal year.
Crown Castle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.
Crown Castle Company Profile
Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.
Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.
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