Skip to Content

Crown Castle Inc CCI

Morningstar Rating
$118.57 +1.29 (1.10%)
View Full Chart
Unlock Our Analysis with Morningstar Investor

Company Report

Crown Castle’s Long-Term Business Remains Strong Even as Business Will Be Softer Near Term

Crown Castle has a different strategy than its two biggest competitors, which focus almost exclusively on towers and have a multinational footprint. Crown operates exclusively in the United States and has aggressively invested in fiber to pursue small cell communications sites. We like the prospects for towers more than small cells and therefore prefer the businesses of Crown’s competitors.

Price vs Fair Value

CCI is trading at a 9% discount.
Price
$118.57
Fair Value
$395.00
Uncertainty
Medium
1-Star Price
$514.20
5-Star Price
$44.00
Economic Moat
Wzpjpl
Capital Allocation
Sqvlp

Bulls Say, Bears Say

Bulls

Crown Castle is at the forefront of an industry transition toward small cells that will be necessary with 5G networks.

Bears

Crown is spending too much on small cells, which have fewer competitive advantages and lower margin profiles and returns on investment than towers.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if CCI is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$117.28
Day Range
$115.60118.84
52-Week Range
$84.72151.89
Bid/Ask
$118.86 / $120.00
Market Cap
$51.42 Bil
Volume/Avg
4.7 Mil / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
28.14
Price/Sales
7.28
Dividend Yield
5.28%
Dividend Yield (Forward)
5.28%
Total Yield
5.34%

Company Profile

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company’s fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle’s towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Sector
Real Estate
Industry
REIT - Specialty
Stock Style Box
Large Core
Total Number of Employees
5,000

Competitors

Valuation

Metric
CCI
SBAC
AMT
Price/Earnings (Normalized)
28.1450.6945.65
Price/Book Value
7.7221.64
Price/Sales
7.2810.048.89
Price/Cash Flow
14.5418.7717.83
Price/Earnings
CCI
SBAC
AMT

Financial Strength

Metric
CCI
SBAC
AMT
Quick Ratio
0.290.580.46
Current Ratio
0.440.690.56
Interest Coverage
2.982.181.44
Quick Ratio
CCI
SBAC
AMT

Profitability

Metric
CCI
SBAC
AMT
Return on Assets (Normalized)
4.68%6.70%2.59%
Return on Equity (Normalized)
25.27%31.98%
Return on Invested Capital (Normalized)
7.30%11.17%4.73%
Return on Assets
CCI
SBAC
AMT

REIT - Specialty Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
AMT
American Tower CorpMyfjl$98.1 Bil
EQIX
Equinix IncYnbkpm$77.4 Bil
DLR
Digital Realty Trust IncCyyqfg$42.0 Bil
SBAC
SBA Communications Corp Class AZrfvb$27.0 Bil
WY
Weyerhaeuser CoKfj$23.2 Bil
IRM
Iron Mountain IncFhkqm$19.1 Bil
GLPI
Gaming and Leisure Properties IncKlm$12.7 Bil
RYN
Rayonier IncLcwhs$4.7 Bil
UNIT
Uniti Group IncWqcb$1.4 Bil