Crown Castle has been downgraded to 'Peer Perform' from 'Outperform' at Wolfe Research, underscoring rising market apprehensions following the company's sale of its Fiber Solutions and Small Cell businesses. Despite owning the largest portfolio of towers in the U.S., Crown Castle faces significant challenges with profitability, reflected in its recent D- rating. The company's stock has dipped to $92.04, while it attempts to reassure investors with a $1 billion buyback plan and a quarterly dividend of $1.0625.
“Crown Castle · was downgraded · to Peer Perform from Outperform at Wolfe Research · without a price target”
“Crown Castle · sold · Fiber Solutions and Small Cell and DAS businesses · true”
“Crown Castle · has · years of experience owning and operating network assets · 30+”
“Crown Castle · has · employees · 1500+”
“Crown Castle · has · towers · ~40K”
“Crown Castle · is · the largest portfolio of towers in the US · true”
“Crown Castle · is · committed to sustainability · true”
“Crown Castle · is · a Real Estate Investment Trust (REIT) · true”
“Crown Castle · acquired · VergX · true”
“Crown Castle · acquired · FPL FiberNet from NextEra Energy · true”
“Crown Castle · acquired · Sunesys · true”
“Crown Castle · acquired · Lightower · true”