Crown (CCK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Evaluate the expected performance of Crown (CCK) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
CCI is likely to gain from rising wireless data consumption with the deployment of 5G networks. A solid tenant base and a healthy balance sheet are upsides.
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Melius Research analyst Ben Reitzes remains bullish on the chip maker's shares, with a $165 price target implying 42% of upside.
Amid rising wireless connectivity usage, CCI's efforts to augment its tower business, and fiber and small cells bode well.
TORONTO, ON / ACCESSWIRE / September 19, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce that it has accepted the Crown Land Lease and Licence Letter of Offer ("Letter of Offer") for the Goldboro Project ("Goldboro" or the "Project"), issued by the Nova Scotia Department of Natural Resources and Renewables. The Lease comprises approximately 779 hectares (1,925 acres) and the Licence comprises approximately 97 hectares (240 acres) of Crown lands.
Efforts to augment its tower business and fiber and small cells are likely to aid CCI despite industry consolidation and high interest rates.
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Crown Castle Inc. offers a relatively safe 5.4% yield and trades at an appealing valuation. The cell tower industry is a growth sector with limited competition. Crown Castle's strategic review and cost-cutting measures, including a potential fiber business sale, aim to address debt and liquidity concerns.
Crown Castle's valuation has declined due to rising interest rates, impacting its leverage and dividend fair value. The telecom REIT faces significant long-term risks from high debt, competitive pressures, and potential refinancing challenges, especially if interest rates don't decline substantially. Despite short-term tailwinds from potential rate cuts, Crown Castle's growth prospects are limited, with fiber investments facing competition and tower demand stagnating.
Investors need to pay close attention to Crown Holdings (CCK) stock based on the movements in the options market lately.