Somewhat Positive News Coverage Somewhat Unlikely to Affect Crown Castle International Corporation (CCI) Share Price
Media stories about Crown Castle International Corporation (NYSE:CCI) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Castle International Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3633116216336 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Crown Castle International Corporation (CCI) to Release Earnings on Wednesday (americanbankingnews.com)
- Crown Castle: What Happens With The Power Off? – Seeking Alpha (seekingalpha.com)
- The Biggest Losers If T-Mobile and Sprint Merge – Madison.com (host.madison.com)
- Technical Reports on Communication Services Equities — BlackBerry, Crown Castle, Level 3 Communications, and Vonage (bizjournals.com)
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Macquarie restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Citigroup Inc. raised their target price on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Bank of America Corporation raised their target price on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.50.
Shares of Crown Castle International Corporation (CCI) traded up 0.61% during trading on Wednesday, hitting $102.21. The stock has a market cap of $41.52 billion, a P/E ratio of 81.57 and a beta of 0.16. The firm has a 50 day moving average of $103.79 and a 200 day moving average of $100.11. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88.
Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. On average, equities analysts forecast that Crown Castle International Corporation will post $1.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.
In other news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the purchase, the director now 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 Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.
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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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