6 stories mentioning CCIUpdated 29d ago
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Crown Castle (CCI) has an average rating of overweight and mean price target of $98.63, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Crown Castle (CCI) has an average rating of overweight and mean price target of $97.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $90.16, Change: $+0.90, Percent Change: +1.01%
Crown Castle (CCI) said Friday it has completed the sale of its Fiber Solutions business to Zayo Group and its Small Cell business to Arium Networks for $8.5 billion.The company will use a portion of the sale proceeds to repurchase shares worth $1 billion under its buyback program and reduce its outstanding debt by more than $7 billion, Crown Castle said.Additionally, the company said it now expects 2026 AFFO per share of $4.53 to $4.65, compared with $4.38 to $4.49 previously. Analysts expect $4.48.Price: $88.88, Change: $+0.08, Percent Change: +0.08%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $2 to $73, applying an EV/EBITDA multiple of 25.7x to our 2026 estimate, a small premium to its one-year historical average multiple at 25.2x. CCI currently trades at 18.7x our 2026 FFO estimate vs. 18.3x its three-year forward average as overall growth has slowed with decreased profitability expected in 2026. We decrease our 2026 FFO estimate by $0.35 to $3.90 and decrease 2027 by $0.58 to $4.46. Management is focused on the upcoming 2027 spectrum auctions and preserving the value of the DISH agreement through all legal and governmental channels. We don't see the DISH legal battle being resolved until 2027, with elevated legal expenses in the near term. Longer-term, we note that a larger tenant renewal is upcoming in 2028 and we believe that major carriers have more negotiating power than CCI currently. We are increasingly concerned that the future dividend payout ratio is likely to be over 90% of AFFO, leaving little room for reinvestment or operational error.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CCI reported Q1 revenue of $1.01B, down 4.8% Y/Y from $1.06B but beating consensus estimates by $16M. Site rental revenues declined 5% Y/Y to $961M, primarily driven by the anticipated $49M impact from DISH contract terminations and $5M from Sprint cancellations. Management left site rental revenue guidance unchanged at -5% at the midpoint to $3.85B for the full year. Excluding the impact of DISH and Sprint churn this year, management expects 3.5% organic growth for 2024. However, organic growth moderated to 3.1% in Q1 from 3.9% in the prior-year quarter, indicating some softening in underlying leasing momentum across the tower portfolio. The DISH contract terminations continue to represent a significant operational and financial headwind for CCI's near-term performance trajectory, though the company appears to be successfully managing through this challenging transition period while maintaining its full-year revenue outlook and guidance.
Crown Castle (CCI) has an average rating of overweight and mean price target of $96.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $88.34, Change: $+1.47, Percent Change: +1.69%
