Daily Stock Opinions and Ratings

Opinions

Jim Cramer - Mad MoneyCrown Castle InternationalCCIHOLDOct 07, 2024

Pays a yield of 5.6%. Is only decently run, so he won't chase it. It just had a move up.

Jim Cramer - Mad Money

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$111.20

Stock price when the opinion was issued

$93.38

As of Jun 10, 2026. Market Open.

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DON'T BUY

Really an oligopoly among the 3-4 major owners, who provide service to 3-4 operators. One of the operators is coming off cell towers, and that space will need to be leased. Big question is what does satellite connectivity do to cell towers? Too many headwinds.

BUY

REITs are up this quarter and will continue to rise as interest rates fall.

DON'T BUY

Has no growth and is poorly managed.

WEAK BUY

Pays a 6.5% dividend, but mismanaged. Can they bottom here? Sure, but the tower business is not bad. Not bad overall.

BUY

Pays a 6% dividend and shares are down, so it's good time to buy. He hasn't feel this way about it in ages.

BUY

Secure US yield play.

About a 5.9% dividend yield. Beta a bit less than overall S&P 500.

DON'T BUY

Great growth stock the past 15 years. Ownership of cellphone towers very profitable. However, growth slowing down. Higher interest rates also hard on business.

BUY ON WEAKNESS

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

CCI operates as a cell tower company and is now trading at 13.4x times' EV/EBITDA (historical averages range from 13.4x to 26x in the last five years). In the last few years CCI’s growth in dividend payment has been quite consistent supported by growth in underlying cash flow. Growth was mainly through organic growth (price increase mostly) and the acquisition of other cell towers. Similar to other real estate names, the balance sheet is leveraged, with net debt of around $28.2B and net debt/EBITDA is 5.6x. CCI is a high-quality cell tower company that has consistently raised dividends. High interest rates are a near-term headwind for real estate companies in general (higher interest expense, lower trading multiple due to other attractive alternatives). Given that CCI is trading at its lowest valuation in years, we would be comfortable adding CCI here, though the stock may not start to perform until the current worry over interest rates abates somewhat.
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PARTIAL BUY

Likes real estate, despite rising rates, because he thinks we're getting close to that terminal rate. Big pullback, but trying to stabilize. Speed of descent has slowed. Well established. Likes it longer term. Pick away at it. If it breaks below October lows, re-evaluate.

DON'T BUY

The tower stocks don't pay enough of a dividend yield. Hold onto your cash.

DON'T BUY

When rates go higher, people sell CCI. Also, there's been churn at CCI.

BUY

Allan Tong’s Discover Picks Crown Castle which pays a higher 3.43% dividend, but trades at a higher 51.3x PE. In fact, CCI is worth a look as well, having beaten its last four quarters with its next earnings to be released on July 20. Both valuations may water the eys of some investors. Fair enough. However, AMT and CCI enjoy a duopoly. Read Oligopolies, duopolies, 3 telcos stocks examined for our full analysis.

BUY

If you like 5G and increase in data consumption, you're better to buy the tower operators like AMT, CCI, and SBAC. All 3 are down on the year, but growth profile is robust.

PAST TOP PICK

(A Top Pick Oct 27/20, Up 17%) US tower operator. A bit disappointed in revenue and margin growth. Will still benefit from 5G. He now prefers AMT and others. Still owns, but not accumulating.

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