Crown Castle Intl. (NYSE:CCI) Stock: Is now the time to buy?

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Crown Castle Intl. Corp. (NYSE: CCI) is involved in the operation of cell towers and other wireless connectivity sites. It has a market capital of $43.52 Billion and a dividend of $1.05. But there is something that makes it outstandingly promising when it comes to its stock this May.  Let's take a look at the performance so far within this month of May. We are going to analyze the performance between May 1st -May 11th, outlining the price and volume performances.

Price Performance

As of May 1, Crown Castle Intl. Corp. (NYSE: CCI) opened its stock with $101.25 and after some fluctuations, it closed with $103.61 which resulted in 2.33% change in its price. By critically studying the performances, you will understand that within this period the price reached above $103.61 before it came down and hit $103.61 as the closure price.

Volume performance

The volume was not as encouraging with an opening of  3,706.500 on May 1st and it closed on May 11th with 1,476,119.

Why Do I Need to Buy the Stock?

Amidst the poor price and volume performances, there seems to be a factor that makes it a good stock to buy because from what I have observed it definitely is going to boom and maximum profit is guaranteed. This factor is the rollout of a 5G network.

The Rollout of 5G Network

The company is preparing to exploit the upcoming rollout of 5G networking standards among its core American clients, and this eventually looks like a buy-in opportunity. They currently have 50,000 small-cell nodes already deployed and firm orders for another 30,000 towerless connection points. This 5G technology supports much larger numbers of connected devices, which goes hand in hand with the expected explosion of networked devices. Crown Castle Intl. Corp. (NYSE: CCI) is in position to benefit from these proposed projects.

I have discovered that Crown Castle Intl. Corp. (NYSE: CCI) investors are more concerned with the proposed merger between T-Mobile US ( NASDAQ: TMUS ) and Sprint (NYSE:S ). These two customers accounted for a total of 33% of Crown Castle Intl. Corp. (NYSE: CCI) total first-quarter sales, so any cost-cutting moves that might follow from that acquisition would eventually be bad news for Crown Castle Intl. Corp. (NYSE: CCI). That's why the stock is trading extremely low this May. Their stock is sold at a discount rate for all the wrong reasons today. You should consider taking advantage of these inaccurate share prices and buy the stock as it will rise any moment after May.

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Disclosure: I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content.



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