On Oct 18, major Wall Street analysts update their ratings for $Crown Castle (CCI.US)$, with price targets ranging from $115 to $128.
J.P. Morgan analyst Richard Choe maintains with a hold rating, and adjusts the target price from $124 to $121.
BofA Securities analyst David Barden maintains with a hold rating, and maintains the target price at $115.
Citi analyst Michael Rollins maintains with a buy rating, and adjusts the target price from $126 to $128.
TD Cowen analyst Michael Elias maintains with a buy rating, and maintains the target price at $123.
KeyBanc analyst Brandon Nispel maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Crown Castle (CCI.US)$'s main analysts recently are as follows:
Crown Castle's third-quarter revenues aligned with projections, whereas EBITDA and adjusted FFO surpassed expectations by 2%-4%. It is anticipated that increased interest expenses, a reduced contribution from services, along with decreased prepaid amortization and Sprint cancellation fees, will contribute to an 8% fall in AFFO per share in 2024. This is expected to precede minor declines in the following year and a resurgence of growth in 2026.
Crown Castle's recent quarterly report was notably straightforward, lacking significant updates on the timing or structure of the company's strategic review. Analysts anticipate that a fiber or small cell sale remains the most probable outcome, though there is an increasing likelihood that Crown Castle may decide to retain the business.
The third-quarter AFFO per share slightly exceeded expectations, and the guidance for FY24 was reiterated. The overall results for Q3 were considered to surpass anticipations. Despite the lack of updates on the fiber strategic review during this quarter, recent reports imply that developments may be forthcoming.
The firm reported a modest outperformance in 3Q24 and has largely retained its guidance for 2024. The primary area of interest continues to be the outcome of the Fiber strategic review, on which management has offered minimal new information.
Here are the latest investment ratings and price targets for $Crown Castle (CCI.US)$ from 6 analysts:
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美东时间10月18日，多家华尔街大行更新了$冠城国际 (CCI.US)$的评级，目标价介于115美元至128美元。
摩根大通分析师Richard Choe维持持有评级，并将目标价从124美元下调至121美元。
美银证券分析师David Barden维持持有评级，维持目标价115美元。
花旗分析师Michael Rollins维持买入评级，并将目标价从126美元上调至128美元。
TD Cowen分析师Michael Elias维持买入评级，维持目标价123美元。
KeyBanc分析师Brandon Nispel维持持有评级。
此外，综合报道，$冠城国际 (CCI.US)$近期主要分析师观点如下：
冠城国际第三季度的营收与预期一致，而EBITDA和调整后的FFO超出2%-4%的预期。预计2024年的AFFO每股将下降8%，这将是由于利息支出增加、服务贡献减少，以及预付摊销和Sprint取消费用的减少所致。预计这将在随后的一年内出现轻微下降，并在2026年重新增长。
冠城国际最近的季度报告明显简洁，没有提供关于公司战略审查的时间或结构的重大更新。分析师预计光纤或小基站的销售仍然是最有可能的结果，尽管冠城国际决定保留该业务的可能性日益增加。
AFFO每股略微超出预期，FY24的指引得到了重申。第三季度的整体结果被认为超出了预期。尽管在本季度缺乏光纤战略审查方面的更新，但最近的报告暗示可能会有新的进展。
公司报告显示在2024年第三季度取得了适度的超额收益，而且基本保持了其2024年的指引。依然最感兴趣的领域是光纤战略审查的结果，管理层在此方面提供了极少的新信息。
以下为今日6位分析师对$冠城国际 (CCI.US)$的最新投资评级及目标价：
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