Crown Castle (CCI) recently affirmed a quarterly cash dividend of $1.0625 per share, attracting investor attention. Despite a 5.35% decline in share price over 90 days and a 26.97% decline over five years, the company is considered 12.6% undervalued with a fair value of $98.91 per share, primarily leveraging its plan to sell its fiber segment and focus on the U.S. tower business. The valuation, however, depends on successful execution of the fiber sale and tower focus, with potential risks from uncertainty surrounding EchoStar, Dish, and Sprint churn.
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Crown Castle (CCI) Valuation Check As Fiber Sale Plan And Dividend Questions Refocus Investor Attention
Crown Castle (CCI) recently affirmed a quarterly cash dividend of $1.0625 per share, attracting investor attention. Despite a 5.35% decline in share price over 90 days and a 26.97% decline over five years, the company is considered 12.6% undervalued with a fair value of $98.91 per share, primarily leveraging its plan to sell its fiber segment and focus on the U.S. tower business. The valuation, however, depends on successful execution of the fiber sale and tower focus, with potential risks from uncertainty surrounding EchoStar, Dish, and Sprint churn.