|Bid||0.00 x 800|
|Ask||112.00 x 900|
|Day's range||106.06 - 107.89|
|52-week range||98.85 - 114.97|
|Beta (3Y Monthly)||0.37|
|PE ratio (TTM)||99.19|
|Forward dividend & yield||4.20 (3.98%)|
|1y target est||N/A|
Growth in site rental revenues and network service revenues buoy Crown Castle's (CCI) Q3 results. Also, the company raises outlook for 2018.
Crown Castle (CCI) delivered FFO and revenue surprises of 0.72% and 1.61%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
After Crown Castle International Corp (REIT)’s (NYSE:CCI) earnings announcement in June 2018, analysts seem highly optimistic, with profits predicted to ramp up by an impressive 57% next year, compared with Read More...
Crown Castle International's (CCI) Q3 top-line growth will likely be hindered by rapid adoption of the Voice over WiFi network by mobile handset manufacturers and wireless carriers.
Crown Castle International Corp (REIT) is a US$46.1b large-cap, real estate investment trust (REIT) based in Houston, United States. REIT shares give you ownership of the company than owns and Read More...
Crown Castle's (CCI) long-term growth likely to be fueled by business diversification through continued buyout of fiber operators. Nevertheless, technology evolution may render revenue volatility.
American Tower's (AMT) purchase of telecom assets will enable it to grow in the Brazilian market. The company is anticipated to have paid a premium of more than 70% for the buyout.
American Tower’s (AMT) back-to-back quarters of upbeat performance have instilled confidence in analysts, which we can see reflected in their ratings. Most analysts remain bullish on the stock with “buy” recommendations. Seven of the 22 analysts covering American Tower have given it “strong buy” ratings, ten have given it “buy” ratings, and the remaining five have given it “hold” ratings.
The price-to-AFFO (price-to-adjusted funds from operations) ratio is considered to be the best multiple for measuring a REIT and finding out where it’s undervalued or overvalued compared to its peers. The ratio’s implications are similar to the implications of the PE ratio.
American Tower (AMT) converted itself into a REIT in January 2012, and since then it’s been consistent in paying quarterly cash dividends and increasing those dividends every quarter.
American Tower (AMT) reported adjusted EBITDA of $1.08 billion in the second quarter, coming in ahead of analysts’ expectation of $1.07 billion. Its adjusted EBITDA also marked a YoY (year-over-year) improvement of 6.2% mainly driven by higher revenue and efficient cost management.
American Tower (AMT) generates ~45% of its revenue from the international market. The company’s revenue from the international market reached $792 million in the second quarter, reflecting a YoY (year-over-year) rise of 7%.
Continuing its upbeat performance, American Tower (AMT) reported better-than-expected results for the second quarter on July 31.
Equinix’s (EQIX) business comprises interconnection, colocation, and managed IT infrastructure services, based on the recurring revenue model. Customers are charged fixed rates on a recurring basis throughout the term of their contracts. Analysts are optimistic that this trend could continue and boost Equinix’s second-quarter adjusted EBITDA.
American Tower's (AMT) Q2 earnings likely to underline unfavorable impact of rising interest rates and accelerated consolidation in the Indian cellular markets.
The best ratios for comparing REITs are price-to-FFO (funds from operations) multiples, which are similar to PE multiples. Crown Castle’s (CCI) TTM (trailing-12-month) price-to-FFO multiple is 22.6x, higher than American Tower’s (AMT), Realty Income’s (O), and Simon Property’s (SPG) multiples of 21.0x, 18.6x, and 15.2x, respectively.
Crown Castle (CCI) expects its site rental revenue to rise 31%–32% YoY (year-over-year) to $1.172 billion–$1.182 billion in the third quarter, and 27%–28% YoY to $4.673 billion–$4.703 billion in fiscal 2018. The company expects accelerated 5G (fifth-generation) deployment by domestic wireless network carriers and the mobile industry’s continuous evolution to drive demand for communication sites.
Crown Castle (CCI) reported its second-quarter results on July 19, posting AFFO (adjusted funds from operations) of $1.31 per share, a penny lower than Wall Street’s expectation. The company stated that it lost some AFFO profits last quarter as some network service deals extended into the second half of 2018. However, its AFFO per share grew 9.2% YoY (year-over-year).
The cell tower manager's growth rested on strategic acquisitions but also included a modest amount of organic increases.