The price of Crown Castle Inc (NYSE:CCI) shares last traded on Wall Street rose 5.54% to $97.55.
As we calculate the median target price by taking the range between a high of $129.00 and a low of $85.00, we find $103.00. Given the previous closing price of $92.43, this indicates a potential upside of 11.44 percent. CCI stock price is now 3.51% away from the 50-day moving average and -15.55% away from the 200-day moving average. The market capitalization of the company currently stands at $42.31B.
Brokers who have rated the stock have averaged $103.88 as their price target over the next twelve months.
With the price target reduced from $125 to $100, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Crown Castle Inc (NYSE: CCI).
In other news, Stephens Kevin A, Director bought 1,000 shares of the company’s stock on May 02. The stock was bought for $117,996 at an average price of $118.00. Upon completion of the transaction, the Director now directly owns 15,416 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 27, EVP – Business Support Nichol Laura B sold 5,000 shares of the business’s stock. A total of $604,850 was realized by selling the stock at an average price of $120.97. This leaves the insider owning 16,782 shares of the company worth $1.64 million. Insiders disposed of 55,602 shares of company stock worth roughly $5.42 million over the past 1 year. A total of 0.43% of the company’s stock is owned by insiders.
A candlestick chart of Crown Castle Inc (NYSE: CCI) showed a price of $94.02 on Thursday morning. During the past 12 months, Crown Castle Inc has had a low of $84.72 and a high of $153.98. The fifty day moving average price for CCI is $94.20 and a two-hundred day moving average price translates $115.27 for the stock.
The latest earnings results from Crown Castle Inc (NYSE: CCI) was released for Sep, 2023. The net profit margin was 21.93% and return on equity was 21.62% for CCI. The company reported revenue of $1.67 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.52 percent.
Crown Castle Inc(CCI) Company Profile
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.
