CCI Stock Summary and Trading Ideas (Crown Castle | NYSE:CCI)

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle trades on the NYSE stock market under the symbol CCI.

As of April 23, 2024, CCI stock price climbed to $95.80 with 1,128,124 million shares trading.

CCI has a beta of 1.08, meaning it tends to be more sensitive to market movements. CCI has a correlation of 0.20 to the broad based SPY ETF.

CCI has a market cap of $41.67 billion. This is considered a Large Cap stock.

Last quarter Crown Castle reported $2 billion in Revenue and $1.72 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.01.

In the last 3 years, CCI stock traded as high as $209.87 and as low as $84.72.

The top ETF exchange traded funds that CCI belongs to (by Net Assets): VNQ, VTI, VOO, SPY, IVV.

CCI has underperformed the market in the last year with a price return of -19.0% while the SPY ETF gained +24.3%. CCI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.5% and -4.4%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

CCI support price is $93.72 and resistance is $96.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCI stock will trade within this expected range on the day.