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Crown Castle International (CCI-N)
NYSE:CCI
94.14
1.09
(1.17%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Oligopolies, duopolies, 3 telcos stocks examinedOil weakens marketsMixed day before U.S. Fed hikeThis summary was created by AI, based on 4 opinions in the last 12 months.
Crown Castle International (CCI-N) is a high-quality cell tower company that has consistently raised dividends and had great growth over the past 15 years. However, the growth is slowing down, and higher interest rates are posing a challenge for the business. Despite the slowdown, it is a good time to buy as the shares are down, and the company is trading at its lowest valuation in years.
$105.590
Unknown
About a 5.9% dividend yield. Beta a bit less than overall S&P 500.
Great growth stock the past 15 years. Ownership of cellphone towers very profitable. However, growth slowing down. Higher interest rates also hard on business.
CCI operates as a cell tower company and is now trading at 13.4x times' EV/EBITDA (historical averages range from 13.4x to 26x in the last five years). In the last few years CCI’s growth in dividend payment has been quite consistent supported by growth in underlying cash flow. Growth was mainly through organic growth (price increase mostly) and the acquisition of other cell towers. Similar to other real estate names, the balance sheet is leveraged, with net debt of around $28.2B and net debt/EBITDA is 5.6x. CCI is a high-quality cell tower company that has consistently raised dividends. High interest rates are a near-term headwind for real estate companies in general (higher interest expense, lower trading multiple due to other attractive alternatives). Given that CCI is trading at its lowest valuation in years, we would be comfortable adding CCI here, though the stock may not start to perform until the current worry over interest rates abates somewhat.
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Likes real estate, despite rising rates, because he thinks we're getting close to that terminal rate. Big pullback, but trying to stabilize. Speed of descent has slowed. Well established. Likes it longer term. Pick away at it. If it breaks below October lows, re-evaluate.
He likes the CEO, and considers this a decent spec stock.
Crown Castle International(CCI-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
Crown Castle International(CCI-N) Frequently Asked Questions
What is Crown Castle International stock symbol?
Crown Castle International is a American stock, trading under the symbol CCI-N on the New York Stock Exchange (CCI). It is usually referred to as NYSE:CCI or CCI-N
Is Crown Castle International a buy or a sell?
In the last year, 4 stock analysts published opinions about CCI-N. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crown Castle International.
Is Crown Castle International a good investment or a top pick?
Crown Castle International was recommended as a Top Pick by on . Read the latest stock experts ratings for Crown Castle International.
Why is Crown Castle International stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Crown Castle International worth watching?
4 stock analysts on Stockchase covered Crown Castle International In the last year. It is a trending stock that is worth watching.
What is Crown Castle International stock price?
On 2024-04-18, Crown Castle International (CCI-N) stock closed at a price of $94.14.
Pays a 6% dividend and shares are down, so it's good time to buy. He hasn't feel this way about it in ages.