J.P. Morgan analyst Richard Choe maintains $Crown Castle (CCI.US)$ with a hold rating, and adjusts the target price from $124 to $121.
According to TipRanks data, the analyst has a success rate of 77.1% and a total average return of 10.1% over the past year.
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 matched expectations, while EBITDA and adjusted FFO surpassed them by 2%-4%. The anticipated decrease in AFFO per share by 8% in 2024 is projected to persist due to increased interest, a reduced contribution from services, and lower prepaid amortization along with decreased Sprint cancellation fees. This downtrend is expected to continue with minor single-digit declines in 2025 before a return to growth in 2026.
Crown Castle's recent quarter was reported without any significant updates regarding the timing or structure of the company's strategic review. It is still anticipated that a sale of the fiber or small cell segment is the most probable outcome, though preparations are being made in the event that the company decides to retain this part of the business.
Crown Castle's Q3 AFFO per share slightly exceeded estimates, and the FY24 guidance remained unchanged, indicating that the results were overall somewhat better than anticipated. Despite no updates this quarter on the fiber strategic review, recent press reports imply that progress may be forthcoming.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根大通分析师Richard Choe维持$冠城国际 (CCI.US)$持有评级，并将目标价从124美元下调至121美元。
根据TipRanks数据显示，该分析师近一年总胜率为77.1%，总平均回报率为10.1%。
此外，综合报道，$冠城国际 (CCI.US)$近期主要分析师观点如下：
冠城国际第三季度营收符合预期，而EBITDA和调整后的FFO超过预期2%-4%。预计2024年每股AFFO将下降8%，这一趋势预计将持续，原因是利息增加、服务贡献减少、预付摊销减少以及Sprint取消费降低。预计这种下降趋势将在2025年继续，然后在2026年恢复增长。
冠城国际最近的季度报告未提及有关公司战略评估的时间或结构方面的重大更新。仍然预计，出售光纤或小基站业务部门是最可能的结果，尽管公司正在做好准备以防万一决定保留这部分业务。
冠城国际第三季度每股AFFO略高于预期，FY24的指引保持不变，这表明结果总体上比预期好一些。尽管本季度未就光纤战略评估更新，但最近的新闻报道暗示进展可能即将到来。
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