Crown Castle International (CCI) Earning Somewhat Positive News Coverage, Report Shows

Media coverage about Crown Castle International (NYSE:CCI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Castle International earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.4783132084484 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

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Crown Castle International (NYSE:CCI) opened at $110.88 on Thursday. Crown Castle International has a 1 year low of $93.14 and a 1 year high of $114.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $45,032.42, a price-to-earnings ratio of 108.71, a P/E/G ratio of 1.36 and a beta of 0.28.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. equities analysts anticipate that Crown Castle International will post 5.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $4.20 annualized dividend and a dividend yield of 3.79%. Crown Castle International’s payout ratio is currently 411.77%.

CCI has been the topic of a number of recent research reports. Goldman Sachs cut shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Crown Castle International in a report on Friday, January 26th. Deutsche Bank reaffirmed a “buy” rating and issued a $120.00 target price on shares of Crown Castle International in a report on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $113.75.

In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the sale, the insider now directly owns 162,526 shares in the company, valued at approximately $17,622,694.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Jay Simon sold 693 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total transaction of $75,391.47. Following the sale, the senior vice president now owns 14,869 shares in the company, valued at $1,617,598.51. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

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Crown Castle International 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).

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

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