Crown Castle (CCI) to Release Earnings on Wednesday

Crown Castle (NYSE:CCI - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, March 12th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Crown Castle Stock Up 0.7 %

Shares of CCI traded up $0.72 on Monday, hitting $98.45. 3,772,385 shares of the stock traded hands, compared to its average volume of 2,533,781. The company has a market capitalization of $42.79 billion, a PE ratio of 34.91 and a beta of 0.89. Crown Castle has a one year low of $84.20 and a one year high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business has a 50 day simple moving average of $90.22 and a 200 day simple moving average of $101.83.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Friday, March 14th. Crown Castle's payout ratio is 221.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CCI shares. JMP Securities began coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an "outperform" rating and a $115.00 target price on the stock. Citigroup dropped their price target on Crown Castle from $128.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Barclays upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.75.

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About Crown Castle

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.