A Director Of Crown Castle Inc. (CCI) Buys 699.0 Shares

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Crown Castle Inc. (NYSE:CCI) saw a downside of -1.27% to close Tuesday at $161.34 after subtracting -$2.08 on the day. The 5-day average trading volume is 1,846,940 shares of the company’s common stock. It has gained $167.86 in the past week and touched a new high 1 time within the past 5 days. An average of 1,562,225 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,352,512.

CCI’s 1-month performance is -10.44% or -$18.80 on its low of $159.79 reached on 09/20/22. The company’s shares have touched a 52-week low of $153.70 and high of $209.87, with the stock’s rally to the 52-week high happening on 01/03/22. YTD, CCI has lost -22.71% or -$47.40 and has reached a new high 1 time. However, the current price is down -23.12% from the 52-week high price.


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Insider Transactions

On May 03, 141 days have gone by since the last insider trading activity for Crown Castle Inc. (CCI). Collins Robert Sean (Vice President and Controller) most recently sold 1,000 shares at $185.44 per share on May 03. This transaction cost the insider $185,435. Vice President and Controller, Collins Robert Sean, sold 1,000 shares at a price of $185.44 on May 03. Then, on Apr 29, EVP & Chief Commercial Officer Kavanagh Michael Joseph sold 5,000 shares at a price of $191.02 per share. This transaction amounted to $955,110.

Valuation Metrics

CCI stock has a beta of 0.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.25 while the price-to-book (PB) in the most recent quarter is 8.89.

Crown Castle Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.70, while the total debt to equity was 2.71… In terms of profitability, the gross margin trailing 12 months is 69.50%. The firm’s gross profit as reported stood at $4.35 billion against revenue of $6.34 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 20.67% to $421.0 million, while revenue of $421.0 million was 0.0% off the previous quarter. Analysts expected CCI to announce $0.96 per share in earnings in its latest quarter, but it posted $0.97, representing a 1.00% surprise. EBITDA for the quarter stood at more than $1.02 billion. CCI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 31.15 billion, with total debt at $27.65 billion. Shareholders hold equity totaling $433.04 million.

Let’s look briefly at Crown Castle Inc. (CCI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 20 September was 30.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.02%.

The stock’s 5-day moving average is $163.22, reflecting a -4.61% or -$7.79 change from its current price. CCI is currently trading -8.85% above its 20-day SMA, -14.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.34% and SMA200 by-13.09%.

Stochastic %K and %D was 15.00% and 13.86% and the average true range (ATR) pointed at 4.12. The RSI (14) points at 34.16%, while the 14-day stochastic is at 8.59% with the period’s ATR at 4.04. The stock’s 9-day MACD Oscillator is pointing at -5.21 and -6.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Crown Castle Inc. (NYSE: CCI), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for CCI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CCI as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.

What is CCI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $162.00 and a high of $230.00, with their median price target at $199.00. Looking at these predictions, the average price target given by analysts is for Crown Castle Inc. (CCI) stock is $196.50.

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