Media stories about Crown Castle International Corporation (NYSE:CCI) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crown Castle International Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.3720477536256 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- CIBC Reiterates “Market Perform” Rating for Crown Castle International Corporation (CCI) (americanbankingnews.com)
- Will Crown Castle (CCI) Disappoint Investors in Q3 Earnings? (finance.yahoo.com)
- Crown Castle International Corp : quaterly earnings release (4-traders.com)
- [$$] Wireless Towers: 3 Reasons to Stay Bullish (finance.yahoo.com)
- Positive Future ahead on Crown Castle International Corp. (CCI) – Street Observer (press release) (streetobserver.com)
Several analysts have weighed in on the company. Zacks Investment Research cut Crown Castle International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Macquarie reaffirmed a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Citigroup Inc. raised their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. Bank of America Corp raised their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, September 8th. Finally, BidaskClub raised Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $107.50.
Crown Castle International Corporation (CCI) opened at 101.85 on Tuesday. The company’s 50-day moving average price is $103.48 and its 200 day moving average price is $100.27. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of 81.28 and a beta of 0.17. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $108.88.
Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Crown Castle International Corporation will post $1.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.
In related news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
Crown Castle International Corporation Company Profile
Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).
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