New Lifetime High For Crown Castle International (CCI)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Crown Castle International as such a stock due to the following factors:
- CCI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $343.4 million.
- CCI has traded 46,866 shares today.
- CCI is trading at a new lifetime high.
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More details on CCI:
Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The stock currently has a dividend yield of 3.6%. CCI has a PE ratio of 79. Currently there are 8 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Crown Castle International has been 2.1 million shares per day over the past 30 days. Crown Castle International has a market cap of $33.4 billion and is part of the technology sector and telecommunications industry. The stock has a beta of 0.34 and a short float of 3.3% with 2.91 days to cover. Shares are up 16.1% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Crown Castle International as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Despite its growing revenue, the company underperformed as compared with the industry average of 12.0%. Since the same quarter one year prior, revenues slightly increased by 3.8%. 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.
- The gross profit margin for CROWN CASTLE INTL CORP is rather high; currently it is at 64.30%. Regardless of CCI's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CCI's net profit margin of 5.11% is significantly lower than the industry average.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, CROWN CASTLE INTL CORP's return on equity is below that of both the industry average and the S&P 500.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
- CROWN CASTLE INTL CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CROWN CASTLE INTL CORP increased its bottom line by earning $1.44 versus $0.90 in the prior year. For the next year, the market is expecting a contraction of 32.6% in earnings ($0.97 versus $1.44).
- You can view the full Crown Castle International Ratings Report.
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