Crown Castle International Corporation (CCI) Earning Somewhat Positive News Coverage, Study Shows
News articles about Crown Castle International Corporation (NYSE:CCI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty 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 0.16 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.9601271763393 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Westpac Banking Corp Cuts Position in Crown Castle International Corporation (CCI) (famososartistas.com)
- Crown Castle International Corporation (CCI) & SBA Communications Corporation (SBAC) Head to Head Comparison (americanbankingnews.com)
- Tale of the Ticker: Crown Castle International Corp (CCI) Moves on Volume – FLBC News (flbcnews.com)
- Shares Running on Volume: Crown Castle International Corp (CCI) – FLBC News (flbcnews.com)
- Stock Performance Review on Communication Services Industry — BlackBerry, Crown Castle, Level 3 Communications, and Vonage (tmcnet.com)
CCI has been the subject of several research reports. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Macquarie restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Deutsche Bank AG increased 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 research report on Friday, June 9th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation has a consensus rating of “Buy” and an average price target of $106.05.
Shares of Crown Castle International Corporation (CCI) traded down 1.32% during trading on Monday, reaching $107.01. 2,590,892 shares of the company’s stock were exchanged. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88. The stock has a 50-day moving average price of $102.31 and a 200 day moving average price of $97.79. The firm has a market cap of $43.47 billion, a price-to-earnings ratio of 85.40 and a beta of 0.18.
Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Crown Castle International Corporation will post $1.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.
In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.
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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