Spire Wealth Management sold 650 shares of Crown Castle Inc. (NYSE:CCI), while Merit Financial Group and the National Pension Service have increased their stake in the same. Recently, Crown Castle's stock performance has been a mix, underperforming on certain days while surpassing competitors on strong trading days. Zacks Research predicts Quarter 3 2024 earnings at $1.66 per share. Despite the mixed performance, the average brokerage recommendation remains a 'Hold'. The board of directors takes proactive strategic actions to enhance value which includes the appointment of Steven J. Moskowitz as the CEO. Crown Castle's fiber assets potential sale for $15 billion is a significant point, seconded by the Q1 AFFO and revenue results surpassing estimates. Nonetheless, criticisms from Boots Capital and insider disposals worth $3.7m might have led to a bearish inclination. The company's Q1 2024 earnings call and dividend announcement signal optimistic future potential. Crown Castle's confident outlook amidst 2023's financial challenges and a robust strategic plan suggest its commitment to success.
Crown Castle CCI News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 10:56:05 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor 1
