CCI stock: buy or sell

CCI stock price: $182.89 -0.06% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

CCI stock brief

  • Crown Castle International scarcely changed a -0.06% after reaching new all-time highs on Wednesday
  • On Wednesday, Crown Castle International made public its Q1 earnings report
  • Jefferies Financial Group posted a strong buy rating for Crown Castle International last Monday, targeting $205.00
  • Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U. S. market.

Should I buy Crown Castle International stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CCI stock a buy?

In the current situation of Crown Castle International there is not any eligible buy setup. This doesn't mean $CCI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Crown Castle International stock?

"To sell or not to sell", if you are holding Crown Castle International shares?. Trading strategies give us the ability us to avoid rash decisions based on our moods or the buzz surrounding the market. When selling, as well as buying, our strategies are very simple to use but are only valid for selling shares you already own, not for shorting $CCI stock

A guiding principle is that you should never keep a trade that results in losses greater than those expected upon the buy. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Crown Castle International stock?

In the current situation of Crown Castle International there is not any eligible sell setup, so Crown Castle International stock holders with operations in green can keep their positions

Crown Castle International ratings

In the last month, 4 analyst ratings were published for Crown Castle International

Crown Castle International analysts' ratings - Last month
Brokerage firmRating
Mar 24th, 2021
Wolfe Research
Mar 31st, 2021
KeyCorp
Apr 12th, 2021
Jefferies Financial Group Strong buy
Apr 19th, 2021
Jefferies Financial Group Strong buy

Crown Castle International stock analysis

In mid-March, the price broke out over the previous top at $165.68 on the downtrend started in November 2020. Since then, the price action resulted in a 10.39% profit.

$CCI at new All-time Highs

Crown Castle International did it again, and hit new all-time highs (ATH) on Wednesday at $184.68. It's the 6th time in the last 10 sessions, marking an important rally

SMAs overview

CCI stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $175.62 (-3.98% below)
  • S2: $171.36 (-6.30% below)
  • S3: $169.22 (-7.47% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price has been corrected downwards by 0.88%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    CCI stock Bollinger Bands chart

    Relative strength index

    Broke through the overbought line Wednesday, with a reading of 73.06. The fact that the value is above the level of 70 does not imply a sell signal, as stocks can be in the overvalued zone for many, many weeks and may continue to climb

    CCI stock RSI chart

    Crown Castle International stock price history

    Crown Castle International started trading on Aug 18th, 1998 at $9.95 per share1. Since then, CCI stock has risen by 1,738.09%, with an average of 79.00% per year. An investment of $1,000USD at that time would be valued $18,380.90 today.

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

    CCI stock price history chart

    Price target for Crown Castle International stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. If you are a small investor you must not buy or sell based on these forecasts.

    The average price target for Crown Castle International stock calculated from the table below is $192.00. Crown Castle International closed at $182.89 on Wednesday, that is a 4.74% than the forecasted price.

    Crown Castle International stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Wolfe Research $165.00
    Mar 31st, 2021
    KeyCorp $193.00
    Apr 12th, 2021
    Jefferies Financial Group $205.00
    Apr 19th, 2021
    Jefferies Financial Group $205.00

    Earnings and financials

    On Wednesday, Crown Castle International Corp. (REIT) ($CCI) posted adjusted EPS for that highly beat Wall St. expectations. Quarterly EPS was $1.71 per share from an estimated $0.53. This Q1 report represents an earnings surprise of 222.64%. On the contrary, reported sales were $1.5 billion, consistent with the market estimates.

    In contrast, the EPS for the same quarter last year was $0.38, so current EPS is a gain of 350.00%. Looking at revenues, figures rose a 11.00% compared to $13.5B same quarter last year.

    CCI ($CCI) releases Q2 financial report next July.

    Crown Castle International performance

    CCI performance compared
    Company1m3m6m
    Crown Castle International ($CCI) 8.90% 16.60% 13.00%

    Important:
    The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the particular conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for education motives only

    CCI summary

    Wednesday, April 21st, 2021
    Open$183.96
    Close$182.89
    Day range$181.79 - $184.68
    Previous close$183
    Session gain-0.06%
    Average true range$3.42
    50d mov avg$165.24
    100d mov avg$161.08
    200d mov avg$161.08
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Crown Castle International stock symbol?

    Crown Castle International Corp. (REIT) is a public company trading in the US stock market with the CCI symbol

    Is Crown Castle International stock a buy or sell?

    Crown Castle International received 4 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will CCI go up?

    Crown Castle International had different price predictions published by analysts in the last 4 weeks forecasting the target price to $192.00. That is a 4.98% than the last price ($182.89).