Crown Castle International Corp. (CCI) Plans Quarterly Dividend of $0.35
Crown Castle International Corp. (NYSE:CCI) declared a quarterly dividend on Friday, August 8th, AnalystRatings.NET reports. Stockholders of record on Friday, September 19th will be given a dividend of 0.35 per share on Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.81%.
A number of analysts have recently weighed in on CCI shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Crown Castle International Corp. in a research note on Friday, July 25th. They now have a $87.00 price target on the stock, up previously from $85.00. On a related note, analysts at Pacific Crest downgraded shares of Crown Castle International Corp. from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 25th. They now have a $102.00 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $87.89.
Shares of Crown Castle International Corp. (NYSE:CCI) traded up 1.08% during mid-day trading on Friday, hitting $77.43. 2,739,393 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 $77.95. The stock has a 50-day moving average of $74.39 and a 200-day moving average of $74.38. The company has a market cap of $25.733 billion and a P/E ratio of 197.93.
Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Wednesday, July 23rd. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.02 by $0.19. The company had revenue of $916.30 million for the quarter, compared to the consensus estimate of $873.26 million. During the same quarter last year, the company posted $0.18 earnings per share. Crown Castle International Corp.’s revenue was up 24.7% compared to the same quarter last year. On average, analysts predict that Crown Castle International Corp. will post $4.17 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, 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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