Crown Castle International (CCI) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about Crown Castle International (NYSE:CCI) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.3288661151303 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Crown Castle International stock opened at $109.80 on Friday. The company has a market cap of $44,316.27, a PE ratio of 22.50, a P/E/G ratio of 1.34 and a beta of 0.29. Crown Castle International has a fifty-two week low of $93.14 and a fifty-two week high of $114.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.30.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, March 15th. Crown Castle International’s dividend payout ratio is currently 86.60%.

Several research analysts recently commented on CCI shares. Goldman Sachs lowered Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. Guggenheim reiterated a “buy” rating and issued a $115.00 price target on shares of Crown Castle International in a research report on Friday, January 26th. Deutsche Bank reissued a “buy” rating and issued a $120.00 price objective on shares of Crown Castle International in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Crown Castle International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, ValuEngine raised shares of Crown Castle International from a “hold” rating to a “buy” rating in a research note on Monday. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.75.

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

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About Crown Castle International

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.

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

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