Somewhat Positive Press Coverage Somewhat Unlikely to Impact Crown Castle International (CCI) Stock Price

Media stories about Crown Castle International (NYSE:CCI) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. 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 earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7651615913911 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

CCI has been the topic of several research analyst 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 price target on shares of Crown Castle International in a report on Friday, January 26th. Cowen reaffirmed a “buy” rating and issued a $119.00 price target on shares of Crown Castle International in a report on Friday, April 20th. Deutsche Bank reaffirmed a “buy” rating and issued a $120.00 price target on shares of Crown Castle International in a report on Monday, January 22nd. Finally, Zacks Investment Research cut shares of Crown Castle International from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $114.75.

Crown Castle International traded down $1.08, hitting $101.91, during midday trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 1,964,613 shares, compared to its average volume of 2,927,247. Crown Castle International has a 52-week low of $102.90 and a 52-week high of $103.38. The firm has a market capitalization of $42.84 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.29. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.90.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.98). Crown Castle International had a return on equity of 4.06% and a net margin of 8.87%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. sell-side analysts forecast that Crown Castle International will post 5.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.12%. Crown Castle International’s dividend payout ratio (DPR) is presently 86.60%.

In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 162,526 shares in the company, valued at $17,622,694.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anthony J. Melone purchased 1,979 shares of the business’s stock in a transaction on Friday, April 27th. The shares were acquired at an average price of $101.06 per share, with a total value of $199,997.74. Following the completion of the transaction, the director now owns 10,547 shares of the company’s stock, valued at $1,065,879.82. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by insiders.

Crown Castle International Company Profile

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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