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Crown Castle Appoints Tower Industry Veteran Steven J. Moskowitz as President and Chief Executive Officer
Newsfilter· 2024-04-10 20:15
HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that its Board of Directors has appointed Steven J. Moskowitz as President and Chief Executive Officer, effective April 11, 2024. Mr. Moskowitz will also join the Board on that date. "We are excited to welcome Steven as Crown Castle's next leader. His appointment marks the conclusion of a robust process during which the CEO Search Committee and the Board unanimously determined that Stev ...
Crown Castle Announces First Quarter 2024 Earnings Conference Call Details
Newsfilter· 2024-04-03 20:15
HOUSTON, April 03, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle") plans to release its first quarter 2024 results on Wednesday, April 17, 2024, after the market closes. In conjunction with the release, Crown Castle has scheduled a conference call for Wednesday, April 17, 2024, at 5:00 p.m. eastern time. A listen only live audio webcast of the conference call, along with any supplemental materials, can be accessed on the Crown Castle website at https://investor.crowncastle.com. Partic ...
Crown Castle (CCI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-02 23:21
The most recent trading session ended with Crown Castle (CCI) standing at $102.85, reflecting a -1.35% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.72%. On the other hand, the Dow registered a loss of 1%, and the technology-centric Nasdaq decreased by 0.95%.Shares of the operator of wireless communications towers have depreciated by 7.57% over the course of the past month, underperforming the Finance sector's gain of 3.08% and the S&P 500's gain of 2.16%.T ...
Crown Castle: Shares Should Comfortably Outperform Moving Forward
Seeking Alpha· 2024-03-22 20:18
morfous One of the companies that I have been the most bullish on over the past several months, but do not own shares of, is telecommunications firm Crown Castle (NYSE:CCI). For those not familiar with the company, it owns and operates telecommunications towers and other related assets such as fiber and small cell operations. Since I initially rated it a 'strong buy' back in October of last year, shares have seen an upside of 21.9% compared to the 17.3% rise seen by the S&P 500. But more recently, performan ...
Crown Castle (CCI) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-03-18 23:20
Crown Castle (CCI) closed the latest trading day at $104.35, indicating a -1.34% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.63% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.82%.The operator of wireless communications towers's shares have seen a decrease of 2.26% over the last month, not keeping up with the Finance sector's gain of 2.48% and the S&P 500's gain of 1.76%.Market participants will be closely f ...
Mortgage Rate Meltdown: 3 Real Estate Stocks Poised to Prosper
InvestorPlace· 2024-03-14 20:29
The United States housing market is heading into its busiest season, with several real estate stocks poised to gain from falling mortgage rates. With investors anticipating the Fed to cut rates later this year, the sector could pick up activity. Some real estate fund managers see the potential for “fantastic” real estate deals in the coming months.Real estate stocks offer their own ecosystem, with companies targeting residential, commercial, healthcare and speciality sectors. Investing in real estate stocks ...
Crown Castle Deserves Better: An Open Letter to Shareholders from Crown Castle Co-Founder Ted B. Miller
Prnewswire· 2024-03-13 22:13
Provides Detailed Operating Plan to Restore Operational Excellence, Bolster Leadership with Experienced Tower Professionals, Maximize Value of the Company's Fiber Business to Position Crown Castle as Premier Pure-Play Tower Company Believes Crown Castle Can be Worth at Least $150 in the Next 18 Months if Board Takes Immediate Action to Restore Leadership and Prevent Further Erosion of Shareholder Value HOUSTON, March 13, 2024 /PRNewswire/ -- Ted B. Miller, co-founder of Crown Castle Inc., (NYSE: CCI) ("Crow ...
Crown Castle (CCI) Stock Declines While Market Improves: Some Information for Investors
Zacks Investment Research· 2024-03-12 23:21
Crown Castle (CCI) ended the recent trading session at $110.97, demonstrating a -1.15% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.12%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.The operator of wireless communications towers's stock has climbed by 3.76% in the past month, falling short of the Finance sector's gain of 4.07% and outpacing the S&P 500's gain of 2.06%.The investment community will be paying cl ...
Should You Retain Crown Castle (CCI) in Your Portfolio Now?
Zacks Investment Research· 2024-03-12 17:01
Crown Castle (CCI) owns a portfolio of wireless communication infrastructure assets in the United States. It is well-poised to benefit from the increase in mobile data usage, spectrum availability and high capital spending by wireless carriers to deploy 4G and 5G networks amid incremental customer demand. However, customer concentration and consolidation in the wireless industry are key concerns for the company. High interest rates add to its woes.What’s Aiding It?The exponential growth in mobile data usage ...
2 Top REITs For March 2024
Seeking Alpha· 2024-03-12 11:15
Kativ Now is arguably the best time so far in this bear market to buy REITs (VNQ). I am saying that because we can now see the light at the end of the tunnel. Yes, REIT share prices are today a bit higher than they were back in October last year, but you need to remember that back then, the world was convinced that we would remain in a "higher for longer" interest rate environment. Jamie Dimon was predicting that we would face 7% interest rates! If that was the case, then the lower share prices would have w ...