J.P. Morgan analyst Richard Choe maintains $Crown Castle (CCI.US)$ with a hold rating, and adjusts the target price from $124 to $121.
According to TipRanks data, the analyst has a success rate of 77.1% and a total average return of 10.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Crown Castle (CCI.US)$'s main analysts recently are as follows:
Crown Castle's third-quarter revenues matched expectations, while EBITDA and adjusted FFO surpassed them by 2%-4%. The anticipated decrease in AFFO per share by 8% in 2024 is projected to persist due to increased interest, a reduced contribution from services, and lower prepaid amortization along with decreased Sprint cancellation fees. This downtrend is expected to continue with minor single-digit declines in 2025 before a return to growth in 2026.
Crown Castle's recent quarter was reported without any significant updates regarding the timing or structure of the company's strategic review. It is still anticipated that a sale of the fiber or small cell segment is the most probable outcome, though preparations are being made in the event that the company decides to retain this part of the business.
Crown Castle's Q3 AFFO per share slightly exceeded estimates, and the FY24 guidance remained unchanged, indicating that the results were overall somewhat better than anticipated. Despite no updates this quarter on the fiber strategic review, recent press reports imply that progress may be forthcoming.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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摩根大通分析師Richard Choe維持$冠城國際 (CCI.US)$持有評級,並將目標價從124美元下調至121美元。
根據TipRanks數據顯示,該分析師近一年總勝率為77.1%,總平均回報率為10.1%。
此外,綜合報道,$冠城國際 (CCI.US)$近期主要分析師觀點如下:
冠城國際第三季度收入與預期相符,而EBITDA和調整後的FFO超出了預期2%-4%。預計2024年每股AFFO將下降8%,預計會持續下降,主要原因是利息增加,服務貢獻減少,預付攤銷以及Sprint取消費用降低。這種下降趨勢預計將在2025年繼續,屆時將出現略微個位數的下降,然後在2026年恢復增長。
冠城國際最近一個季度的報告中並沒有關於公司戰略評估的時間或結構方面的重大更新。儘管仍然預計出售光纖或小基站部門是最可能的結果,但爲了以防萬一,準備工作正在進行中,以防公司決定保留這部分業務。
冠城國際第三季度每股AFFO略高於預期,FY24指引保持不變,表明結果總體上比預期稍好。儘管本季度沒有關於光纖戰略評估的更新,但最近的新聞報道暗示進展可能即將到來。
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