Crown Castle Inc. (CCI) remains a significant competitor in the telecom sector with notable daily gains throughout the quarter and a steady outlook for the Fiscal year 2024. Despite a slight miss on
Q2 AFFO estimates with
revenues falling year on year, strategic acquisitions bolstered general forecasts, leading to price target increases to $104.00 - $127.00 from multiple reputable authorities, including Royal Bank of Canada and TD Cowen.
Insider movements saw the EVP & COO and other main groups trading company stock. However, the consistent positive
buying in Clearbridge, Kingsview Wealth Management LLC, and Axxcess Wealth Management LLC contrasts with certain share sales and further reassures investor confidence. Despite Crown Castle founder's attempt for disruption and notable bearish commentary, Crown Castle displayed a strong earnings release with better than feared Q2 FFO. The refocusing on strategic plans and the appointment of Steven J. Moskowitz as CEO promise a renewed approach to driving shareholder value going forward.
Crown Castle CCI News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 27 Jul 2024 16:28:39 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -3
