Crown Castle International Corp. Sees Unusually Large Options Volume (CCI)
Shares of Crown Castle International Corp. (NYSE:CCI) were the target of some unusual options trading activity on Wednesday. Traders acquired 570 put options on the company, Analyst Ratings Network reports. This is an increase of approximately 409% compared to the average volume of 112 put options.
In other Crown Castle International Corp. news, COO James D. Young sold 8,665 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $77.58, for a total transaction of $672,230.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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. Separately, 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $87.89.
Shares of Crown Castle International Corp. (NYSE:CCI) traded up 0.17% on Wednesday, hitting $77.65. The stock had a trading volume of 2,200,596 shares. Crown Castle International Corp. has a 52 week low of $66.89 and a 52 week high of $78.56. The stock’s 50-day moving average is $74.71 and its 200-day moving average is $74.48. The company has a market cap of $25.806 billion and a P/E ratio of 200.31.
Crown Castle International Corp. (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, analysts predict that Crown Castle International Corp. will post $4.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, September 17th.
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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