Crown Castle Inc. (NYSE:CCI) stock remains a hot topic among mutual funds according to recent analysis from
Goldman Sachs. This follows news of EQT-backed
Zayo and TPG in competition to buy Crown Castle's assets worth nearly $10 billion. Despite underperforming compared to competitors on some days, the stock shows promise, with analysts raising the price target to $116.00. Many consider Crown Castle a wise addition to portfolios due to its market leadership, notable increase in trading and potential recovery with REITs. However, there are concerns. Their proposed sale of fibre and small cell will reportedly cause dilution, putting the dividend at risk. Further, Crown Castle's Q2 FFO fell below estimates. Industry changes are causing Crown Castle to adjust its operations and outlook for 2024, including staff reductions and a review of its fibre business. Amid all these, the appointment of
Steven J. Moskowitz as CEO symbolizes a stronghold measure to sustain momentum in the company. Regardless of bearish remarks, Crown Castle remains a key player in 5G infrastructure development and outperforms competitors on strong trading days.
Crown Castle CCI News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Fri, 11 Oct 2024 20:54:00 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -2
