Crown Castle International Corporation (NYSE:CCI) Receives Media Impact Score of 0.14
Media coverage about Crown Castle International Corporation (NYSE:CCI) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news 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 coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.2996966336073 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Whistleblower charges CCI with defrauding New York over fees – Seeking Alpha (seekingalpha.com)
- Cell Tower Manager Accused in Suit of Pocketing Fees Meant for New York (finance.yahoo.com)
- Crown Castle International Corp. (REIT) – ExpressNewsline (expressnewsline.com)
- What Analysts Think about the Top 3 Wireless REITs after 2Q17 (finance.yahoo.com)
- Financial Analysis: Cogent Communications Holdings (CCOI) & Crown Castle International Corporation (CCI) (americanbankingnews.com)
Crown Castle International Corporation (NYSE:CCI) traded down 0.02% on Friday, hitting $104.12. 3,524,965 shares of the stock were exchanged. The stock has a market cap of $42.30 billion, a price-to-earnings ratio of 83.10 and a beta of 0.20. The company has a 50-day moving average of $100.29 and a 200-day moving average of $96.45. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $105.05.
Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Crown Castle International Corporation will post $1.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.
A number of equities research analysts have issued reports on CCI shares. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Crown Castle International Corporation in a research report on Monday, July 10th. BidaskClub downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Citigroup Inc. downgraded shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $104.95.
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In related news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
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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