Crown Castle International (NYSE:CCI) Given Coverage Optimism Rating of 0.13

Headlines about Crown Castle International (NYSE:CCI) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crown Castle International earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.9138952437038 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have recently commented on CCI shares. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Deutsche Bank raised their target price on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Wells Fargo & Company lifted their price objective on shares of Crown Castle International from $112.50 to $116.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Citigroup lifted their price objective on shares of Crown Castle International from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Finally, Bank of America lifted their price objective on shares of Crown Castle International from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.58.

Crown Castle International (CCI) traded down $2.92 during mid-day trading on Monday, reaching $109.63. 1,874,260 shares of the company traded hands, compared to its average volume of 2,361,198. The firm has a market capitalization of $45,726.27, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.22. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. Crown Castle International has a 1-year low of $81.33 and a 1-year high of $114.97.

Crown Castle International (NYSE:CCI) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.07). Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Crown Castle International’s quarterly revenue was up 7.2% on a year-over-year basis. equities analysts anticipate that Crown Castle International will post 4.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.20 annualized dividend and a dividend yield of 3.83%. This is a positive change from Crown Castle International’s previous quarterly dividend of $0.95. Crown Castle International’s dividend payout ratio is currently 316.67%.

In other news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the sale, the vice president now directly owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

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About Crown Castle International

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).

Insider Buying and Selling by Quarter for Crown Castle International (NYSE:CCI)

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