CCI stock: buy or sell?

CCI stock price: $146.38 0.18% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

Crown Castle International stayed constant 0.18% to $146.38 after topping to all time highs today. Friday was the 3rd green session in a row, marking 1.29%.

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.

Should I buy CCI stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups are elegible for Crown Castle International stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Crown Castle International stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 10 ratings published for CCI stock in the last 30 days.

The general sentiment of these ratings is bullish for CCI stock, with 7 positive ratings.
Is CCI a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-14Bank of AmericaBuyBuy
2019-8-1JPMorgan Chase & Co.NeutralOverweight
2019-5-20Morgan Stanleyn/aOverweight
2019-4-15Wells Fargo & Con/aOutperform
2019-4-11UBS GroupBuyNeutral
2019-3-19Bank of American/aBuy
2019-3-11Morgan StanleyOverweightOverweight
2019-2-12MacquarieOutperformNeutral
2019-1-3Raymond JamesMarket PerformOutperform
2019-1-14Goldman Sachs GroupBuyNeutral

CCI stock analysis

Daily outlook

Crown Castle International shares stayed steady 0.18% today and set a new all time high at $147.88.

After reaching all time highs today, Crown Castle International stayed stable 0.18% to $146.38. CCI shows a sign of strength in the short-term after finally breaking out above $142.24 on August/13 and marking a new rising bottom. On Jul 23rd CCI price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.

CCI stock chart (daily)

Weekly outlook

Crown Castle International rose 2.42% this week and reached a new all time high at $147.88. This week was the fifth green week in a row. By mid July CCI plunged a scary -5.61% in just one week.

CCI shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom by mid July, CCI climbed unceasignly breaking out to new all time highs. Late December 2018 CCI price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since late December 2018 when SMA10w and SMA20w crossed up, CCI price gained $42.01 per share (40.25%).

CCI stock chart (weekly)

CCI stock price history

CCI stock went public on August 18th, 1998 with a price of $10.531. Since then, CCI stock grew a 1,290.10%, with a yearly average of 61.40%. If you had invested $1,000 in CCI stock in 1998, it would worth $12,901.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CCI stock historical price chart

CCI stock reached all-time highs today with a price of $147.88.

CCI stock price target is $140.50

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 6 price predictions for CCI stock posted in the last 30 days:
CCI stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-14Bank of AmericaReiterates$133.00$151.0013.5%
2019-8-1JPMorgan Chase & Co.Upgrades$125.00$150.0020%
2019-5-20Morgan StanleyRaises Target$129.00$138.007%
2019-4-15Wells Fargo & CoReiterates$129.00$142.0010.1%
2019-3-19Bank of AmericaRaises Target$119.00$133.0011.8%
2019-3-11Morgan StanleyRaises Target$120.00$129.007.5%
(in average)$125.80$140.5012.0%
Moving in a range from $151.00 and $129.00, the price forecast for CCI stock is $140.50. In average, analysts' outlook on CCI price target is positive, increasing the forecast by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Crown Castle International posted its last earnings report, it rocketed an exceptional 18.46%. Unfortunately, reported EPS is not yet available in our database.
CCI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-01-240.240.17-29.2%
2018-Q12018-04-181.261.367.9%
2018-Q22018-07-181.271.313.1%
2018-Q32018-10-171.321.395.3%
2018-Q42019-01-231.381.422.9%
2019-Q12019-04-160.4n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Crown Castle International annual sales rocketed an extraordinary 24.49% to $5,423.00 million dollars from $4,356.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) raised a 2.16% to 12.37%.

Crown Castle International presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Crown Castle International TTM sales up to March 2019 were $5,550.00 and income $767.00 M dollars. If we compare this TTM figures with the last reported annuality, we can review Crown Castle International business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, gained a slightly fine 2.34%. Nevertheless, profit margin (net income/revenues) inched at 12.37%.

CCI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,990 M-$90 M3.0%-
2014$3,690 M23.41%$391 M10.6%333.37%
2015$3,664 M-0.71%$1,521 M41.5%289.49%
2016$3,921 M7.02%$357 M9.1%-76.53%
2017$4,356 M11.09%$445 M10.2%24.66%
2018$5,423 M24.49%$671 M12.4%50.79%
TTM $5,550 M2.34%$767 M13.8%14.31%

Quarterly financial results

Crown Castle International reported $1,426.00 million in revenues for 2019-Q1, a 0.49% improvement compared to previous quarter. Reported quarter earnings marked $210.00 million with a profit margin of 14.73%. Profit margin remained constant a -0.28% compared to previous quarter when profit margin was 15.01%. When comparing sales to same quarter last year, Crown Castle International sales marked a superb gain and escalated a 9.78%. Looking back to recent quarterly results, Crown Castle International posted 7 negative quarters in a row.
CCI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,040 M-$112 M10.8%-
2017-Q3$1,060 M1.92%$115 M10.9%2.75%
2017-Q4$1,238 M16.75%$99 M8.0%-14.45%
2018-Q1$1,299 M4.96%$114 M8.8%15.68%
2018-Q2$1,330 M2.39%$180 M13.5%57.89%
2018-Q3$1,375 M3.38%$164 M11.9%-8.89%
2018-Q4$1,419 M3.20%$213 M15.0%29.88%
2019-Q1$1,426 M0.49%$210 M14.7%-1.41%

Crown Castle International ownership

When you are planning to buy shares of a stock, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Crown Castle International, 0.38% of all outstanding shares are owned by its staff.

Bearish positions for CCI stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

CCIAMTCHLRCISBAC
Market cap$60.9 B$101.2 B$172.3 B$20.2 B$29.5 B
Total shares415.7 M442.7 M4,100.0 M402.4 M113.3 M
Float shares413.7 M441.1 M1,120.0 M364.4 M112.1 M
  - Institutional holdings (%)94.5%95.7%2.1%0.0%96.2%
  - Insider holdings (%)0.4%0.2%0.0%0.0%1.3%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CCI summary

Friday, August 23rd, 2019
Open$146.50
Close$146.38
Day range$145.85 - $147.88
Previous close$146.11
Session gain0.18%
Average true range$2.81
50d mov avg$135.25
100d mov avg$130.83
200d mov avg$122.02
Daily patternlb02c
Weekly pattern lb03c

Crown Castle International performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Crown Castle International performance to American Tower, China Mobile (Hong Kong), Rogers Communication, SBA Communications, Telephone and Data Systems and Vodafone:
Stock3m6m12m
CCICrown Castle Inte...15.47%24.26%35.05%
AMTAmerican Tower13.05%30.52%57.43%
CHLChina Mobile (Hon...-7.87%-20.25%-5.74%
RCIRogers Communicat...-4.70%-8.81%-1.49%
SBACSBA Communication...24.81%42.72%66.97%
TDSTelephone and Dat...-19.09%-23.51%-17.26%
VODVodafone18.01%2.29%-14.97%

Crown Castle International competitors

One check before trading any stock is to review a list of its competitors, in this case for Crown Castle International. We selected 6 companies as Crown Castle International competitors as they are in the same industry or have similar market objectives.