Crown Castle International Corp (NYSE:CCI).
On September 16 Citigroup left the stock rating at “Neutral” and moved down the price target to $100.00 from $109.00. SunTrust Robinson Humphrey initiated coverage with a rating of “Buy”.
On September 6 the company was rated “Outperform” in a report from Oppenheimer which was a boost from the previous “Perform” rating. On July 25 Jefferies made no change to the stock rating of “Buy” and raised the price expectation from $100.00 to $110.00.
On July 19, 2016 the stock rating was changed to a “Neutral” by BTIG Research a cut from the previous “Buy” rating.
The company is now up since yesterday’s close of $101.18. Crown Castle International Corp declared a dividend to be paid on Friday June 30th, 2017. The dividend will be $0.950 per share for the quarter which comes to $3.80 on an annualized basis. This dividend represents a yeild of $3.72 which is the dividend as a percentage of the current share price. The ex-dividend date will be Wednesday the 15th of March 2017.
Company chares are trading at $102.06 which is slightly above $98.22, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $91.49. The 50 day moving average moved up $3.84 and the 200 day average moved up $10.57.
Crown Castle International Corp., launched on May 27, 2014, is a real estate investment trust (REIT), which owns, operates and leases shared wireless infrastructure that is geographically dispersed throughout the United States and Puerto Rico. The Business’s segments include towers and small cells. As of December 31, 2016, the Company had approximately 40,000 towers and other structures, such as rooftops (collectively towers) and approximately 26,500 route miles of fiber (collectively small cells, and together with towers, wireless infrastructure). The towers segment provides access, including space or capacity to its towers, which are geographically dispersed throughout the United States. The towers segment also reflects certain network services relating to its towers, consisting of site development services and installation services. As of December 31, 2016, the small cells segment provided access, including space or capacity, to the Business’s approximately 17,000 route miles of fiber primarily supporting small cell networks. The small cells segment also offers fiber-based solutions..
The company’s P/E ratio is 87.31 and the market value is 37.36B. As of the latest earnings report the EPS was $1.17 and is expected to be $1.24 for the current year with 366,108,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.31 and the next full year EPS is projected to be $1.49.