Crown Castle International Corporation (NYSE:CCI) Earns Media Sentiment Score of 0.34
News stories about Crown Castle International Corporation (NYSE:CCI) have been trending positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Crown Castle International Corporation earned a news impact score of 0.34 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 75 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Crown Castle International Corp. (CCI) Describing Technical Facts through Margin Ratios- Biogen Inc. (BIIB) – Investing News Update (investingbizz.com)
- Crown Castle International Corp (CCI) VMA Trending Higher Over Last Sessions – Evergreen Caller (evergreencaller.com)
- Head to Head Contrast: Crown Castle International Corporation (NYSE:CCI) and Cogent Communications Holdings (CCOI) (americanbankingnews.com)
- Crown Castle International Corp. breached its 50 day moving average in a Bullish Manner : CCI-US : August 2, 2017 (finance.yahoo.com)
- More Upside Seen for Cell Tower Giants Ahead of 5G Deployments – 24/7 Wall St. (247wallst.com)
Several equities research analysts have issued reports on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Deutsche Bank AG upped their price target on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.95.
Shares of Crown Castle International Corporation (NYSE:CCI) traded down 0.87% during trading on Thursday, reaching $100.92. 2,273,437 shares of the company were exchanged. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The stock has a market capitalization of $41.00 billion, a P/E ratio of 80.10 and a beta of 0.20. The stock has a 50-day moving average of $99.84 and a 200 day moving average of $95.24.
Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that Crown Castle International Corporation will post $1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.77%. Crown Castle International Corporation’s payout ratio is 304.00%.
In related news, Director J Landis Martin bought 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were bought at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the sale, the director now owns 28,953 shares in the company, valued at $2,793,385.44. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
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About Crown Castle International Corporation
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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