Crown Castle ( (CCI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Crown Castle’s stock has experienced unusual movements following its decision to sell its Fiber and Small Cell businesses for $8.5 billion. This strategic shift aims to solidify its position as the only pure-play U.S. tower company, focusing on the wireless infrastructure market. Analysts from Raymond James and KeyBanc have upgraded their ratings, viewing the sale as a strategic move that could lead to a premium valuation. They highlight the company’s increased financial flexibility, sustainable dividends, and a planned $3 billion share repurchase program. However, concerns about increased leverage and ongoing churn from Sprint have led to mixed analyst opinions.
More about Crown Castle
YTD Price Performance: 6.53%
Average Trading Volume: 3,176,715
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $41.41B
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