Crown Castle (CCI) to Release Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCI - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1,634,506.55 billion for the quarter.

Crown Castle Stock Up 0.4 %

NYSE:CCI traded up $0.38 during mid-day trading on Monday, hitting $91.03. The company had a trading volume of 4,990,378 shares, compared to its average volume of 3,430,232. The business has a fifty day simple moving average of $96.66 and a 200-day simple moving average of $105.67. The firm has a market capitalization of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87. Crown Castle has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 6.88%. Crown Castle's payout ratio is currently 221.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCI shares. TD Cowen decreased their price target on Crown Castle from $127.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Barclays raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Crown Castle from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of Crown Castle from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company cut Crown Castle from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $105.00 to $100.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $113.00.

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.