Crown Castle International Corp. Declares Quarterly Dividend of $0.35 (CCI)
Crown Castle International Corp. (NYSE:CCI) announced a quarterly dividend on Friday, May 30th, AnalystRatingsNetwork.com reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.35 per share on Monday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.82%.
A number of research firms have recently commented on CCI. Analysts at Zacks downgraded shares of Crown Castle International Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $81.00 price target on the stock. On a related note, analysts at TheStreet upgraded shares of Crown Castle International Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Crown Castle International Corp. in a research note on Thursday, April 24th. They now have a $79.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $84.80.
Crown Castle International Corp. (NYSE:CCI) traded up 0.13% during mid-day trading on Friday, hitting $76.73. The stock had a trading volume of 2,018,609 shares. Crown Castle International Corp. has a 1-year low of $66.73 and a 1-year high of $78.00. The stock’s 50-day moving average is $75.21 and its 200-day moving average is $74.05. The company has a market cap of $25.477 billion and a P/E ratio of 154.81.
Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Wednesday, April 23rd. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.77. The company had revenue of $876.00 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts predict that Crown Castle International Corp. will post $4.22 earnings per share for the current fiscal year.
Crown Castle International Corp. (NYSE:CCI) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests).
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