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12/07/2023 16:10:00 EST
Crown Castle (CCI)
Industry: REIT - Specialty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, CCI has been trading in a range between $111.13 and $85.89 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CCI is trading below resistance at $125.97, about 7% to the upside. There is support at $114.00 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Crown Castle (CCI) entered a Green zone 25 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.333, which is a Buy. The current analyst target price is $104.88, which gives it a potential down side of -10.85 % from the recent price of 117.64. The stock is trading 25.52% (potential upside) below its 52 week high of $147.66 and 38.86 % (potential downside) above its 52 week low of $84.72 - based on the recent price.
Company Summary
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions across every major US. market.
News
| Crown Castle CEO to retire, handing win to activist investor Elliott Crown Castle's CEO will retire in January, partially satisfying a demand from activist investor Elliott for new management at the cell phone tower company Source: CNBC Thu, 07 Dec 2023 17:15:53 -0500 Sentiment: Negative |
| Crown Castle Announces CEO Transition Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO Jay Brown to Retire as President and CEO; Anthony Melone Appointed Interim CEO Source: GlobeNewsWire Thu, 07 Dec 2023 16:15:00 -0500 Sentiment: Neutral |
| Elliott reiterates call for new chief executive at Crown Castle Elliott Investment Management LP said Thursday it compiled positive responses from investors, analysts and industry leaders on the merits of its recommendations for cellular tower REIT Crown Castle Inc. CCI, -0.73%, including the removal of its Chief Executive Jay Brown. Crown Castle's stock was up by 3% in premarket trades. Source: Market Watch Thu, 07 Dec 2023 07:10:00 -0500 Sentiment: Positive |
| Elliott Sends Letter to the Board of Crown Castle Inc. Summarizing Feedback Supportive of Change Responses From Investment Community, Current and Former Employees and Industry Experts Overwhelmingly Support the Need for Change Highlights Widespread Lack of Confidence in Company's Strategy, Current Management and Board Reiterates Need for a Robust Review of Fiber Business, CEO Change and a Reconstitution of the Company's Board Full Letter Available at RestoringTheCastle.com WEST PALM BEACH, Fla. , Dec. 7, 2023 /PRNewswire/ -- Elliott Investment Management L.P. Source: PRNewsWire Thu, 07 Dec 2023 06:31:00 -0500 Sentiment: Neutral |
| Crown Castle (CCI) Registers a Bigger Fall Than the Market: Important Facts to Note In the most recent trading session, Crown Castle (CCI) closed at $117.09, indicating a -0.73% shift from the previous trading day. Source: Zacks Investment Research Wed, 06 Dec 2023 19:32:12 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 147.6645 52 Week Low: 84.72 Beta: 0.763 50 Day MA: 97.221 200 Day MA: 110.9098 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.37 Qtr Revenue Growth YOY: -0.045 Forward PE: 29.2398 Trailing PE: 32.7067