Share on StockTwits

Crown Castle International Corp. (NYSE:CCI) hit a new 52-week high during trading on Thursday , AnalystRatingsNetwork.com reports. The stock traded as high as $80.62 and last traded at $80.52, with a volume of 539,940 shares traded. The stock had previously closed at $79.97.

A number of research firms have recently commented on CCI. Analysts at Goldman Sachs initiated coverage on shares of Crown Castle International Corp. in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.27.

The stock’s 50-day moving average is $76.77 and its 200-day moving average is $75.31. The company has a market cap of $26.591 billion and a price-to-earnings ratio of 206.64.

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 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 $4.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 1.75%. The ex-dividend date of this dividend 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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.