Crown Castle International Corp Stock Downgraded (CCI)
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- The revenue growth came in higher than the industry average of 4.3%. Since the same quarter one year prior, revenues rose by 29.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has increased to $248.10 million or 31.84% when compared to the same quarter last year. In addition, CROWN CASTLE INTL CORP has also vastly surpassed the industry average cash flow growth rate of -32.75%.
- Compared to its closing price of one year ago, CCI's share price has jumped by 63.14%, exceeding the performance of the broader market during that same time frame. Setting our sights on the months ahead, however, we feel that the stock's sharp appreciation over the last year has driven it to a price level which is now relatively expensive compared to the rest of its industry. The implication is that its reduced upside potential is not good enough to warrant further investment at this time.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Wireless Telecommunication Services industry. The net income has significantly decreased by 139.9% when compared to the same quarter one year ago, falling from $48.91 million to -$19.51 million.
- The debt-to-equity ratio is very high at 3.95 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, CCI maintains a poor quick ratio of 0.98, which illustrates the inability to avoid short-term cash problems.
-- Written by a member of TheStreet Ratings Staff
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