Crown Castle International Corp. Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:CCI)
Crown Castle International Corp. (NYSE:CCI) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, AnalystRatings.NET reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $84.73.
Crown Castle International Corp. (NYSE:CCI) traded up 0.36% on Friday, hitting $74.26. 557,782 shares of the company’s stock traded hands. Crown Castle International Corp. has a 52-week low of $66.73 and a 52-week high of $78.00. The stock’s 50-day moving average is $75.82 and its 200-day moving average is $74.07. The company has a market cap of $24.657 billion and a P/E ratio of 149.47.
Crown Castle International Corp. (NYSE:CCI) last issued its quarterly earnings data 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. Investors 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 1.89%. The ex-dividend date of this dividend is Wednesday, June 18th.
A number of analysts have recently weighed in on CCI shares. Analysts at Credit Suisse initiated coverage on shares of Crown Castle International Corp. in a research note on Friday, June 13th. They set a “neutral” rating and a $84.00 price target on the stock. Separately, 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. Finally, 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.
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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