BofA Securities analyst David Barden maintains $Crown Castle (CCI.US)$ with a hold rating, and maintains the target price at $115.
According to TipRanks data, the analyst has a success rate of 60.6% and a total average return of -2.2% 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, and its EBITDA and adjusted FFO surpassed predictions by 2%-4%. Despite this, it is anticipated that increased interest expenses, a decrease in services contribution, and reduced prepaid amortization, along with Sprint cancellation fees, will contribute to an 8% decrease in AFFO per share in 2024. This is expected to be succeeded by minor single-digit declines in 2025 before returning to growth in 2026.
Crown Castle's recent quarter was reported without any significant updates on the timing or structure of the company's strategic review. Analysts continue to believe that a sale of the fiber or small cell segment is the most probable course of action, although they acknowledge the potential that Crown Castle may choose to retain the business.
The third quarter AFFO per share slightly surpassed estimates, and guidance for FY24 was reiterated, indicating results that were generally better than anticipated. Although there were no new developments in the fiber strategic review this quarter, recent reports imply that a conclusion may be near.
Note:
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