Crown Castle International Corp. Reaches New 1-Year High at $80.00 (CCI)
Crown Castle International Corp. (NYSE:CCI)’s share price hit a new 52-week high on Thursday , Analyst Ratings Network reports. The stock traded as high as $80.00 and last traded at $79.98, with a volume of 1,750,384 shares traded. The stock had previously closed at $78.55.
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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $87.89.
The stock has a 50-day moving average of $75.38 and a 200-day moving average of $74.77. The company has a market cap of $26.647 billion and a price-to-earnings ratio of 202.97.
Crown Castle International Corp. (NYSE:CCI) last released its earnings data on Wednesday, July 23rd. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Analysts expect that Crown Castle International Corp. will post $4.17 EPS 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 1.78%. The ex-dividend date is Wednesday, September 17th.
In other Crown Castle International Corp. news, COO James D. Young sold 8,665 shares of Crown Castle International Corp. stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $77.58, for a total value of $672,230.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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