Crown Castle International Corp. Receives New Coverage from Analysts at Goldman Sachs (CCI)
Crown Castle International Corp. (NYSE:CCI) traded up 0.08% during mid-day trading on Tuesday, hitting $79.57. 427,223 shares of the company’s stock traded hands. Crown Castle International Corp. has a 52 week low of $68.44 and a 52 week high of $80.52. The stock’s 50-day moving average is $76.42 and its 200-day moving average is $75.21. The company has a market cap of $26.445 billion and a price-to-earnings ratio of 205.45.
Crown Castle International Corp. (NYSE:CCI) last issued its quarterly 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 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 $4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, September 17th.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Crown Castle International Corp. from $83.00 to $85.00 in a research note on Wednesday, August 27th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks downgraded shares of Crown Castle International Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, August 22nd. They now have a $73.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $86.27.
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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