Crown Castle International Corp. Coverage Initiated by Analysts at Credit Suisse (CCI)
Analysts at Credit Suisse initiated coverage on shares of Crown Castle International Corp. (NYSE:CCI) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
CCI has been the subject of a number of other recent research reports. 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. Separately, 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $84.80.
Crown Castle International Corp. (NYSE:CCI) opened at 74.35 on Friday. Crown Castle International Corp. has a 1-year low of $66.73 and a 1-year high of $78.00. The stock has a 50-day moving average of $75.67 and a 200-day moving average of $74.09. The company has a market cap of $24.687 billion and a price-to-earnings ratio of 151.19.
Crown Castle International Corp. (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Analysts expect that Crown Castle International Corp. will post $4.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 20th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, June 18th.
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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