18.6 C
New York
Saturday, June 3, 2023

Crown Castle Inc. (NYSE: CCI): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Crown Castle Inc. (CCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.43, or 0.36%, to $119.38. The Crown Castle Inc. has recorded 70,763 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Crown Castle to Present at the J.P. Morgan 51st Annual Global Technology, Media and Communications Conference.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Stocks Info

CCI belongs to the Real Estate sector of the NYSE while operating in the REIT – Specialty industry. At the end of the last regular session, the stock closed at $118.95 and fluctuated between $119.60 as its day high and $117.79 as its day low. The current market capitalization of Crown Castle Inc. is $51.19B. A total of 2.14 million shares were traded on the day, compared to an average of 2.05M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CCI has seen 41 BUY and 8 SELL insider trades, representing the acquisition of 103,135 and the disposition of 27,686 shares. Over the last 12 months, there were 47 BUYs and 11 SELLs from insiders. Insiders purchased 111,030 shares during that period but sold 31,092.

In the most recent transaction, Stephens Kevin A bought 1,000 shares of CCI for 118.00 per share on May 02. After the transaction, the Director now owns 15,416 company shares. In a previous transaction on Apr 27, Nichol Laura B sold 5,000 shares at 120.97 per share. CCI shares that EVP – Business Support owns now total 16,782.

Among the insiders who sold shares, Levendos Christopher disposed of 14,472 shares on Apr 25 at a per-share price of $124.04. This resulted in the EVP & COO – Fiber holding 4,759 shares of CCI after the transaction. In another insider transaction, Nichol Laura B sold 5,000 shares at $122.56 per share on Apr 25. Company shares held by the EVP – Business Support now total 21,782.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Crown Castle Inc. pays an annual dividend of $6.26, resulting in a dividend yield of 5.26%, and it has a price to earnings (P/E) ratio of 30.87. CCI’s most recent ex-dividend date was 6/14/2023 when it declared a $1.5650 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/14/2023. The CCI stock dividend was $1.5650 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CCI in the last 3 months, the mean price target is $150.06 with high estimates of $165.00 and low estimates of $135.00. In terms of 52-week highs and lows, CCI has a high of $192.07 and a low of $114.43.

As of this writing, CCI has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.16 per share and a lower estimate of $0.97. The company reported an EPS of $0.95 in the last quarter, which was -3.10% lower than expectations of $0.98.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CCI’s latest balance sheet shows that the firm has $292.00M in Cash & Short Term Investments as of fiscal 2021. There were $27.01B in debt and $2.03B in liabilities at the time. Its Book Value Per Share was $16.68, while its Total Shareholder’s Equity was $8.26B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCI is Buy with a score of 3.69.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles