The US-based investment firm TPG has been under discussion with Crown Castle (CCI) concerning the acquisition of its fiber unit which is valued at approximately $8 billion. This potential sale is reported to be beneficial for Crown Castle's share valuation. Their CEO mentioned that the business model is also enhanced via wireless operators amplifying their small cell capability. However, brokerages have assigned a 'Hold' consensus rating on Crown Castle. Despite some expected flux and uncertainty, Crown Castle has shown steady performance in Q3. A gradual increase in its net income was reported alongside strong organic growth recorded in their Q3 release. Apart from these, Franklin Resources Inc. and B. Riley Wealth Advisors Inc. have reduced their holdings in the company. Notably, Crown Castle's SWOT analysis reflects their strategic position to leverage the fiber sale and secure gains from 5G expansion. Finally, based on the evaluation of crucial metrics, there are suggestions to buy Crown Castle at its current near 52-week low price for long-term benefits.
Crown Castle CCI News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 21 Dec 2024 17:29:44 GMT - Rating 3 - Innovation 5 - Information 8 - Rumor -2
