Stocks of Crown Castle Inc (NYSE:CCI) traded higher last session on Wall Street, down -2.09% to $92.90.
CCI stock price is now -12.06% away from the 50-day moving average and -11.69% away from the 200-day moving average. The market capitalization of the company currently stands at $40.37B.
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With the price target reduced from $105 to $100, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Crown Castle Inc (NYSE: CCI). , while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, PATEL SUNIT S, Director sold 42 shares of the company’s stock on May 09 ’24. The stock was sold for $4,150 at an average price of $98.80. Upon completion of the transaction, the Director now directly owns 2,919 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Officer Kelley Philip M bought 47,774 shares of the business’s stock. A total of $5,359,489 was incurred on buying the stock at an average price of $112.18. A total of 0.31% of the company’s stock is owned by insiders.
During the past 12 months, Crown Castle Inc has had a low of $92.48 and a high of $120.92. The fifty day moving average price for CCI is $106.0194 and a two-hundred day moving average price translates $105.28515 for the stock.
The latest earnings results from Crown Castle Inc (NYSE: CCI) was released for 2024-09-30. The net profit margin was 18.60% and return on equity was 20.49% for CCI. The company reported revenue of $1.65 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.9 percent.
