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Morgan Stanley Trims Crown Castle International (CCI) Target Price to $200.00
By: MarketBeat | June 7, 2022
• Crown Castle International (NYSE:CCI - Get Rating) had its price target lowered by analysts at Morgan Stanley from $215.00 to $200.00 in a report issued on Tuesday, Stock Target Advisor reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's target price indicates a potential upside of 9.20% from the stock's previous close...
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Crown Castle stock slips after Wells Fargo downgrades to Underweight
By: Seeking Alpha | June 2, 2022
• Crown Castle International (NYSE:CCI) stock is dropping 2.6% in Thursday premarket trading after Wells Fargo analyst Eric Luebchow downgraded the telecom tower REIT to Underweight from Equalweight due to small cell churn weighing...
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Crown Castle (CCI) COO Christopher Levendos Sells 11,000 Shares
By: ABMN | April 29, 2022
• Crown Castle International Corp. (NYSE:CCI – Get Rating) COO Christopher Levendos sold 11,000 shares of Crown Castle International stock in a transaction on Monday, April 25th. The stock was sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the sale, the chief operating officer now directly owns 11,717 shares in the company, valued at approximately $2,258,920.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website...
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KeyCorp Increases Crown Castle International (CCI) Price Target to $219.00
By: ABMN | April 24, 2022
• Crown Castle International (NYSE:CCI – Get Rating) had its price objective boosted by equities researchers at KeyCorp from $202.00 to $219.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price suggests a potential upside of 12.81% from the stock’s current price. KeyCorp also issued estimates for Crown Castle International’s Q3 2022 earnings at $1.77 EPS...
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Raymond James Increases Crown Castle International (CCI) Price Target to $206.00
By: ABMN | April 24, 2022
• Crown Castle International (NYSE:CCI – Get Rating) had its price target hoisted by analysts at Raymond James from $184.00 to $206.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target suggests a potential upside of 6.11% from the company’s current price...
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Crown Castle International (CCI) PT Raised to $215.00 at Credit Suisse Group
By: ABMN | April 24, 2022
• Crown Castle International (NYSE:CCI – Get Rating) had its price target lifted by investment analysts at Credit Suisse Group from $204.00 to $215.00 in a research report issued on Friday, Marketbeat reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Credit Suisse Group’s price target indicates a potential upside of 10.74% from the stock’s current price...
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Q1 2022 EPS Estimates for Crown Castle International Corp. (CCI) Reduced by Jefferies Financial Group
By: ABMN | April 16, 2022
• Crown Castle International Corp. (NYSE:CCI – Get Rating) – Equities researchers at Jefferies Financial Group cut their Q1 2022 earnings per share estimates for Crown Castle International in a research note issued to investors on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $1.68 for the quarter, down from their previous estimate of $1.70. Jefferies Financial Group currently has a “Hold” rating and a $203.00 target price on the stock. Jefferies Financial Group also issued estimates for Crown Castle International’s Q2 2022 earnings at $1.69 EPS, Q3 2022 earnings at $1.76 EPS, Q4 2022 earnings at $1.77 EPS, FY2022 earnings at $6.89 EPS and Q1 2023 earnings at $1.75 EPS...
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Crown Castle International Corp. (REIT) (CCI) Given Consensus Rating of "Buy" by Brokerages
By: MarketBeat | March 3, 2022
• Shares of Crown Castle International Corp. (REIT) (NYSE:CCI - Get Rating) have earned a consensus rating of "Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $201.00...
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Crown Castle (NYSE:CCI) is one of the largest infrastructure-focused real estate investment trusts (REITs). The company enables mobile data and voice transmissions by operating large communications towers in the U.S. It also owns a fiber-optic cable telecommunications network and a growing portfolio of small cell wireless sites. This infrastructure is crucial for enabling 5G networks to expand across the country.
This infrastructure REIT has steadily increased both its cash flow and its dividend. Crown Castle sees a decade-long investment opportunity ahead supporting the expansion of 5G. The REIT believes this expansion should support a 7% to 8% annual growth in its dividend.
https://www.fool.com/investing/stock-market/market-sectors/industrials/construction-stocks/infrastructure-stocks/
Brokerages Anticipate Crown Castle International Corp. (REIT) (CCI) Will Post Quarterly Sales of $1.69 Billion
By: MarketBeat | February 15, 2022
• Wall Street brokerages expect Crown Castle International Corp. (REIT) (NYSE:CCI) to report sales of $1.69 billion for the current quarter, according to Zacks. Six analysts have made estimates for Crown Castle International's earnings, with estimates ranging from $1.64 billion to $1.72 billion. Crown Castle International posted sales of $1.49 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 20th...
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Crown Castle (CCI) Price Target Cut to $204.00
By: MarketBeat | February 3, 2022
• Crown Castle International (NYSE:CCI) had its target price cut by Deutsche Bank Aktiengesellschaft from $209.00 to $204.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 10.87% from the company's current price...
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Crown Castle International (CCI) Lifted to "Outperform" at Raymond James
By: MarketBeat | January 28, 2022
• Crown Castle International (NYSE:CCI) was upgraded by investment analysts at Raymond James to an "outperform" rating in a research report issued on Friday, Stock Target Advisor reports. The firm currently has a $184.00 price objective on the real estate investment trust's stock. Raymond James' price objective points to a potential upside of 7.24% from the stock's previous close...
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Crown Castle International (CCI) Price Target Raised to $204.00 at Citigroup
By: MarketBeat | January 26, 2022
• Crown Castle International (NYSE:CCI) had its price target raised by analysts at Citigroup from $200.00 to $204.00 in a research note issued on Thursday, The Fly reports. Citigroup's price objective suggests a potential upside of 15.32% from the stock's previous close...
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Analysts Expect Crown Castle International Corp. (REIT) (CCI) Will Announce Quarterly Sales of $1.63 Billion
By: MarketBeat | January 26, 2022
• Brokerages predict that Crown Castle International Corp. (REIT) (NYSE:CCI) will post sales of $1.63 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Crown Castle International's earnings. The highest sales estimate is $1.64 billion and the lowest is $1.61 billion. Crown Castle International reported sales of $1.49 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, January 26th...
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Crown Castle (CCI) to Release Quarterly Earnings on Wednesday
By: MarketBeat | January 19, 2022
• Crown Castle International (NYSE:CCI) is scheduled to release its earnings data after the market closes on Wednesday, January 26th. Analysts expect Crown Castle International to post earnings of $1.63 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link...
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Research Analysts Set Expectations for Crown Castle International Corp. (REIT)'s Q2 2022 Earnings (CCI)
By: MarketBeat | January 14, 2022
• Crown Castle International Corp. (REIT) (NYSE:CCI) - Research analysts at Jefferies Financial Group cut their Q2 2022 EPS estimates for shares of Crown Castle International in a research report issued to clients and investors on Monday, January 10th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.73 for the quarter, down from their prior forecast of $1.74. Jefferies Financial Group has a "Hold" rating and a $203.00 price target on the stock. Jefferies Financial Group also issued estimates for Crown Castle International's FY2022 earnings at $7.05 EPS...
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Crown Castle International (CCI) Stock Rating Lowered by JPMorgan Chase & Co.
By: MarketBeat | January 5, 2022
• Crown Castle International (NYSE:CCI) was downgraded by research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Wednesday, The Fly reports...
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Jefferies Financial Group Analysts Boost Earnings Estimates for Crown Castle International Corp. (REIT) (CCI)
By: MarketBeat | December 22, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) - Analysts at Jefferies Financial Group raised their FY2021 earnings per share estimates for shares of Crown Castle International in a research note issued to investors on Sunday, December 19th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $6.56 for the year, up from their prior forecast of $6.54. Jefferies Financial Group also issued estimates for Crown Castle International's Q4 2021 earnings at $1.62 EPS, Q1 2022 earnings at $1.73 EPS, Q2 2022 earnings at $1.74 EPS and Q4 2022 earnings at $1.80 EPS. Crown Castle International (NYSE:CCI) last announced its quarterly earnings data on Tuesday, October 19th. The real estate investment trust reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.76 by $0.05. Crown Castle International had a return on equity of 14.75% and a net margin of 21.27%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted $1.56 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year...
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Crown Castle International Corp. (REIT) (CCI) Given Average Recommendation of "Buy" by Analysts
By: MarketBeat | December 16, 2021
• Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have been assigned a consensus recommendation of "Buy" from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $198.09...
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In Search of Some Inflation Protection? Check Out These Considerations
By: Mary Ellen McGonagle | December 17, 2021
WEEKLY CHART OF CROWN CASTLE INT'L CORP. (CCI)
Last up is an infrastructure REIT focused on cell towers and fiber optic networks in the U.S. With carriers building out their 5G networks, companies such as Crown Castle (CCI) are providing new tower sites and equipment that's providing rural areas with mobile services.
Crown Castle sees a decade-long investment cycle in 5G and, because of that, the company estimates that they can grow their dividend at a 7%-8% annual rate over the long term. CCI is poised to break out of a 5-month base at $205 and, with its MACD crossing from a low level on its weekly chart, the stock is poised to trade higher.
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Crown Castle International Corp. (CCI) Expected to Post Earnings of $1.72 Per Share
By: MarketBeat | December 14, 2021
• Wall Street analysts forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will announce earnings of $1.72 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Crown Castle International's earnings, with the lowest EPS estimate coming in at $1.70 and the highest estimate coming in at $1.74. Crown Castle International posted earnings of $2.33 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 26th...
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Crown Castle International Sees Unusually Large Options Volume (CCI)
By: MarketBeat | December 13, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) was the recipient of unusually large options trading on Monday. Investors bought 36,851 call options on the company. This represents an increase of 2,530% compared to the typical volume of 1,401 call options...
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Morgan Stanley Lowers Crown Castle International (CCI) Price Target to $208.00
By: MarketBeat | December 1, 2021
• Crown Castle International (NYSE:CCI) had its price objective cut by Morgan Stanley from $213.00 to $208.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price target points to a potential upside of 14.51% from the company's previous close...
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Zacks: Brokerages Expect Crown Castle International Corp. (REIT) (CCI) Will Post Quarterly Sales of $1.62 Billion
By: MarketBeat | November 6, 2021
• Analysts forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will report $1.62 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Crown Castle International's earnings. The highest sales estimate is $1.64 billion and the lowest is $1.61 billion. Crown Castle International posted sales of $1.49 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is expected to report its next quarterly earnings report on Wednesday, January 26th...
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Royal Bank of Canada Lowers Crown Castle International (CCI) Price Target to $202.00
By: MarketBeat | October 25, 2021
Crown Castle International (NYSE:CCI) had its price objective dropped by research analysts at Royal Bank of Canada from $210.00 to $202.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Royal Bank of Canada's price target indicates a potential upside of 12.85% from the company's current price...
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Morgan Stanley Raises Crown Castle International (CCI) Price Target to $213.00
By: MarketBeat | September 10, 2021
• Crown Castle International (NYSE:CCI) had its target price increased by research analysts at Morgan Stanley from $204.00 to $213.00 in a report released on Friday, The Fly reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price target points to a potential upside of 10.67% from the stock's previous close. The analysts noted that the move was a valuation call...
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$1.72 EPS Expected for Crown Castle International Corp. (REIT) (CCI) This Quarter
By: MarketBeat | September 9, 2021
• Equities analysts predict that Crown Castle International Corp. (REIT) (NYSE:CCI) will post $1.72 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Crown Castle International's earnings, with the highest EPS estimate coming in at $1.73 and the lowest estimate coming in at $1.69. Crown Castle International posted earnings per share of $1.56 in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 20th...
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$1.61 Billion in Sales Expected for Crown Castle International (CCI) This Quarter
By: MarketBeat | August 23, 2021
• Equities analysts forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will announce sales of $1.61 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Crown Castle International's earnings, with the highest sales estimate coming in at $1.62 billion and the lowest estimate coming in at $1.60 billion. Crown Castle International reported sales of $1.49 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 20th...
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Crown Castle International (CCI) Short Interest Update
By: MarketBeat | August 20, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) was the recipient of a large increase in short interest in July. As of July 30th, there was short interest totalling 4,580,000 shares, an increase of 15.4% from the July 15th total of 3,970,000 shares. Approximately 1.1% of the company's shares are short sold. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 3.1 days...
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Insider Weekends: Landis Martin Continues His Purchases Of Crown Castle International
By: InsideArbitrage | August 1, 2021
Welcome to edition 578 of Insider Weekends. Insider buying decreased last week with insiders purchasing $60.2 million of stock purchased compared to $73.76 million in the week prior. Selling also decreased significantly to $1.49 billion compared to $3.58 billion in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 24.79. In other words, insiders sold almost 25 times as much stock as they purchased. The Sell/Buy ratio this week was favorable compared to the prior week when the ratio stood at 48.57.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs, and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However, metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Crown Castle International Corp. (REIT) (CCI): $193.09
Director Landis J. Martin acquired 11,200 shares of this cellular towers REIT, paying $191.51 per share for a total amount of $2.14 million. Mr. Martin increased his stake by 8.58% to 141,755 shares with this purchase.
It is interesting to see Mr. Martin continue his string of purchases of Crown Castle International. We wrote the following after a $2.26 million purchase by him in April 2019 at an average price of $123.13,
Mr. Martin has been on Crown Castle’s board since its inception in 1995 through November 1998 and then again from November 1999 through present. He has served as its non-executive Chairman since 2002. A lawyer by training, he has been the CEO of several publicly-held industrial, chemical and metals companies.
Crown Castle first showed up on my radar several years ago due to very heavy insider selling. In recent years, we have started seeing a string of insider buying and for 2019 most insider transactions have been either insider purchases or option exercises that were not followed by sales. Like most wireless tower companies, Crown Castle also converted to a real estate investment trust (REIT) structure in 2014. The company sports a dividend yield of 3.63% and like most wireless tower companies, excellent operating margins. I wonder if Mr. Martin and other insiders are looking at the upcoming 5G rollout as the impetus for further double digit revenue growth.
As we expected a couple of years ago, 5G rollout did in fact help with the company’s growth and the company expects a 12% increase in adjusted funds from operations (AFFO) for 2021. The company is also benefiting from a roll out of fiber optic cable as you can see from their asset map below. The company has grown its dividend by 9% annually since 2017 and expects to grow it 7% to 8% going forward. With a current dividend yield of 2.76%, this REIT doesn’t look as attractive as it was during Mr. Martin’s April 2019 purchases but is worth adding to a watch list in case of a pull back from current levels...
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Crown Castle International (CCI) PT Lowered to $192.00
By: MarketBeat | July 23, 2021
• Crown Castle International (NYSE:CCI) had its price objective lowered by equities research analysts at Credit Suisse Group from $193.00 to $192.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Credit Suisse Group's price target suggests a potential downside of 0.02% from the stock's current price...
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Q2 2021 EPS Estimates for Crown Castle International Corp. (REIT) Reduced by Jefferies Financial Group (CCI)
By: MarketBeat | July 16, 2021
Crown Castle International Corp. (REIT) (NYSE:CCI) - Research analysts at Jefferies Financial Group lowered their Q2 2021 earnings per share estimates for Crown Castle International in a note issued to investors on Thursday, July 15th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $1.54 per share for the quarter, down from their previous estimate of $1.55. Jefferies Financial Group currently has a "Buy" rating and a $205.00 target price on the stock. Jefferies Financial Group also issued estimates for Crown Castle International's Q3 2021 earnings at $1.60 EPS and Q4 2021 earnings at $1.62 EPS. Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Tuesday, April 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by ($0.25). The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. Crown Castle International had a return on equity of 10.52% and a net margin of 16.80%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS...
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Diving Into Crown Castle International (CCI) Before Earnings
By: Schaeffer's Investment Research | July 8, 2021
• Is Crown Castle International too big to fail?
• Crown Castle is set to report second-quarter earnings on July 21
Crown Castle International Corp. (NYSE:CCI) is an American real estate investment trust (REIT) and one of the nation’s largest providers of shared communications infrastructure. Crown Castle's network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting small cells and fiber solutions. CCI helps connect cities and businesses to data, technology, and wireless services. This afternoon, CCI was last seen trading flat at $200.55, but earlier touched a fresh record high of $202.46.
Yesterday, July 7, in conjunction with reaching a then, all-time high of $201.77, Crown Castle International announced plans to release its second quarter of 2021 financial results after the close on Wednesday, July 21. CCI has also scheduled a conference call for Thursday, July 22.
Crown Castle has struck out when stepping up to the earnings plate over the past year, missing earnings expectations on all four of its most earnings reports. For Q2 of 2020, Crown Castle missed analysts’ estimates by a margin of $0.09 and reported an earnings per share (EPS) of $0.41. For Q3 of 2020, CCI's earnings decreased to $0.38 per share and missed expectations by a margin of $0.12. For Q4 of 2020, Crown Castle posted another decrease in earnings, dropping to $0.34 per share and missing estimates by a margin of $0.29. For the first quarter of 2021, Crown Castle reported an EPS of $0.28 and missed expectations by a margin of $0.25.
CCI has increased by about 17% in price year-over-year and is up 37% from its early March bottom of $146.15 in early March. Additionally, shares of Crown Castle stock have grown by 30% year-to-date and now has a forward dividend of $5.32 and a dividend yield of 2.65%.
From a fundamental perspective, Crown Castle stock is undoubtedly overvalued at this time. CCI trades at an extremely elevated price-earnings ratio of 95.86 and has an exaggerated forward price-earnings ratio of 69.93. However, with a market cap of $85 billion and a business model that ensures long-lasting dependency for a good portion of the country, it may be said that Crown Castle is amongst the few companies that are “too big to fail.” For that reason, CCI can also get away with only having $254 million in cash on their balance sheet and a whopping $26 billion in total debt.
That being said, CCI sports affordably priced premiums at the moment. The security's Schaeffer's Volatility Index (SVI) of 17% stands in the low 7th percentile of readings in its annual range. This means options players are now pricing in low volatility expectations for the equity.
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Crown Castle International (CCI) Price Target Raised to $209.00
By: MarketBeat | June 11, 2021
• Crown Castle International (NYSE:CCI) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from $195.00 to $209.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 6.16% from the company's current price.
CCI has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Crown Castle International from $189.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, April 29th. Oppenheimer lifted their price target on Crown Castle International from $170.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, May 3rd. Royal Bank of Canada upped their price objective on Crown Castle International from $176.00 to $210.00 and gave the stock an "outperform" rating in a research note on Monday, April 26th. Raymond James reiterated a "market perform" rating on shares of Crown Castle International in a research note on Monday, May 10th. Finally, KeyCorp raised their price target on shares of Crown Castle International from $193.00 to $207.00 and gave the company an "overweight" rating in a report on Friday, April 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of "Buy" and a consensus price target of $188.86...
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Crown Castle International (CCI) Target of Unusually High Options Trading
By: MarketBeat | June 10, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) saw some unusual options trading on Thursday. Investors acquired 15,812 call options on the company. This represents an increase of 624% compared to the typical volume of 2,184 call options...
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Crown Castle International (REIT) (CCI) Plans Quarterly Dividend of $1.33
By: MarketBeat | June 9, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) declared a quarterly dividend on Friday, May 21st, Zacks reports. Investors of record on Monday, June 14th will be given a dividend of 1.33 per share by the real estate investment trust on Wednesday, June 30th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, June 11th...
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$1.56 Billion in Sales Expected for Crown Castle International Corp. (REIT) (NYSE:CCI) This Quarter
By: MarketBeat | June 4, 2021
Wall Street analysts expect Crown Castle International Corp. (REIT) (NYSE:CCI) to report sales of $1.56 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Crown Castle International's earnings, with estimates ranging from $1.54 billion to $1.58 billion. Crown Castle International posted sales of $1.44 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The company is expected to announce its next earnings report on Wednesday, August 4th.
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Crown Castle International Corp. (REIT) (CCI) Receives Consensus Rating of "Buy" from Brokerages
By: MarketBeat | May 30, 2021
Crown Castle International Corp. (REIT) (NYSE:CCI) has received an average recommendation of "Buy" from the fifteen brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $189.00.
CCI has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Crown Castle International from $176.00 to $210.00 and gave the company an "outperform" rating in a research report on Monday, May 3rd. Jefferies Financial Group initiated coverage on Crown Castle International in a research report on Monday, April 19th. They set a "buy" rating and a $205.00 price target on the stock. Oppenheimer raised their price target on Crown Castle International from $170.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, May 3rd. JPMorgan Chase & Co. raised their price objective on Crown Castle International from $189.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, May 5th. Finally, Wolfe Research assumed coverage on Crown Castle International in a research note on Wednesday, March 24th. They set a "peer perform" rating and a $165.00 price objective on the stock.
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Crown Castle (CCI) Could Climb to Record Highs Says Bull Signal
By: Schaeffer's Investment Research | May 25, 2021
• CCI's recent peak comes amid historically low implied volatility (IV)
• An unwinding of pessimism in the options pits could act as a tailwind as well
Real estate investment trust (REIT) Crown Castle International Corporation (NYSE:CCI) is just barely out of reach of its recent April 30 record high of $189.59, up 0.8% to trade at $187.72 at last check -- earlier up as high as $188.56. The stock has been climbing on the charts since its pullback from that all-time high was captured by the 40-day moving average. Now, there is reason to believe CCI could soon extend its rally.
More specifically, today's peak comes amid historically low implied volatility (IV), which has been a bullish combination for CCI in the past. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, there have been another four times in the past five years when the security was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) stood in the 20th percentile of its annual range or lower. This is now the case with Crown Castle stock's SVI of 19%, which sits in the low 4th percentile of its 12-month range.
White's data shows that a month after these signals, the security was higher 75% of the time, averaging a 4.3% return for that time period. From its current perch, a move of similar magnitude would put CCI above $195 -- a fresh record high.
A shift in sentiment in the options pits could push the security higher as well. CCI sports a 10-day put/call volume ratio of 3.24 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than 97% of readings from the past year, showing puts being picked up at a much faster-than-usual rate.
Today is showing a similar penchant for puts. So far, 1,028 puts have crossed the tape, which is double the intraday average. Most popular is the July 170 put, where new positions are being opened.
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$CCI Very text book Raindrop price action on Thursday and Friday. Looks strong
By: TrendSpider | May 22, 2021
• $CCI Very text book Raindrop price action on Thursday and Friday. Looks strong
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$1.65 Earnings Per Share Expected for Crown Castle International Corp. (REIT) (CCI) This Quarter
By: MarketBeat | May 15, 2021
Wall Street analysts expect that Crown Castle International Corp. (REIT) (NYSE:CCI) will report $1.65 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Crown Castle International's earnings. The highest EPS estimate is $1.69 and the lowest is $1.62. Crown Castle International reported earnings per share of $1.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 13.8%. The company is scheduled to announce its next earnings results on Wednesday, August 4th.
On average, analysts expect that Crown Castle International will report full year earnings of $6.77 per share for the current fiscal year, with EPS estimates ranging from $6.67 to $6.87. For the next year, analysts forecast that the firm will report earnings of $7.29 per share, with EPS estimates ranging from $7.09 to $7.41. Zacks' EPS calculations are an average based on a survey of research analysts that that provide coverage for Crown Castle International.
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Deutsche Bank Aktiengesellschaft Boosts Crown Castle International (CCI) Price Target to $195.00
By: MarketBeat | April 23, 2021
Crown Castle International (NYSE:CCI) had its target price lifted by analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $195.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 5.09% from the stock's current price.
Several other brokerages have also recently issued reports on CCI. KeyCorp upgraded Crown Castle International from a "sector weight" rating to an "overweight" rating and set a $193.00 price objective on the stock in a research note on Wednesday, March 31st. Smith Barney Citigroup raised Crown Castle International from a "neutral" rating to a "buy" rating in a research note on Thursday, January 14th. Morgan Stanley increased their target price on Crown Castle International from $187.00 to $200.00 and gave the company an "overweight" rating in a report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Crown Castle International from a "neutral" rating to a "buy" rating and set a $170.00 target price on the stock in a research report on Thursday, January 14th. Finally, Credit Suisse Group lowered their price target on Crown Castle International from $158.00 to $155.00 and set a "neutral" rating on the stock in a research report on Friday, January 29th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus target price of $182.17.
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Crown Castle (CCI) Reports Mixed Quarter, Raises Full-Year Guidance
By: TheStreet | April 21, 2021
• Crown Castle beat on first-quarter earnings but missed revenue estimates. It also raised its full-year earnings and revenue guidance.
Shares of Crown Castle International Corp. (CCI) were unchanged after the company reported mixed first-quarter earnings Wednesday.
Crown Castle reported earnings of $1.71 per share on revenue of $1.37 billion. The Houston-based company was expected to report earnings of $1.63 per share on revenue of $1.5 billion.
"We are excited to continue to support our customers' wireless infrastructure needs as they deploy nationwide 5G in the U.S., and we expect to once again generate industry leading domestic tower revenue growth in 2021," said CEO Jay Brown.
For the full year, the 5G cell tower company expects revenue of $5.695 billion, up from its previous view of $5.555 billion. Analysts are expecting full year revenue of $6.17 billion.
The company also raised its full-year earnings per share estimate to $6.79, from its previous estimate of $6.69 per share. Analysts are expecting EPS of $6.71 per share for the year, according to FactSet.
"We are excited about the increasing level of activity we see in our business as our customers have begun to deploy 5G at scale," said CFO Dan Schlanger. "We believe we are well positioned to support our growing number of customers by providing a comprehensive set of solutions across towers, small cells and fiber solutions."
Crown Castle shares closed Wednesday's session basically flat, but the shares are up about 15% year to date.
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Brokers Offer Predictions for Crown Castle International Corp. (REIT)'s Q1 2021 Earnings
By: MarketBeat | April 15, 2021
• Crown Castle International Corp. (REIT) (NYSE:CCI) - Investment analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of Crown Castle International in a research report issued on Monday, April 12th. Jefferies Financial Group analyst J. Petersen forecasts that the real estate investment trust will post earnings per share of $1.53 for the quarter. Jefferies Financial Group currently has a "Buy" rating and a $205.00 target price on the stock. Jefferies Financial Group also issued estimates for Crown Castle International's Q2 2021 earnings at $1.55 EPS, Q3 2021 earnings at $1.62 EPS, Q4 2021 earnings at $1.64 EPS and FY2021 earnings at $6.33 EPS. Crown Castle International (NYSE:CCI) last posted its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.58 by $0.75. Crown Castle International had a return on equity of 7.57% and a net margin of 13.09%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $0.43 EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis.
A number of other research analysts have also commented on CCI. KeyCorp upgraded Crown Castle International from a "sector weight" rating to an "overweight" rating and set a $193.00 price target for the company in a report on Wednesday, March 31st. Raymond James lowered their price target on Crown Castle International from $172.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, January 29th. Wolfe Research started coverage on Crown Castle International in a report on Wednesday, March 24th. They set a "peer perform" rating and a $165.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Crown Castle International from a "neutral" rating to a "buy" rating and set a $170.00 price target on the stock in a research note on Thursday, January 14th. Finally, Smith Barney Citigroup raised Crown Castle International from a "neutral" rating to a "buy" rating in a research note on Thursday, January 14th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Crown Castle International presently has a consensus rating of "Buy" and an average price target of $178.00.
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$1.61 EPS Expected for Crown Castle International Corp. (REIT) (CCI) This Quarter
By: MarketBeat | April 10, 2021
Equities analysts predict that Crown Castle International Corp. (REIT) (NYSE:CCI) will report $1.61 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Crown Castle International's earnings. The lowest EPS estimate is $1.54 and the highest is $1.64. Crown Castle International posted earnings of $1.42 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The firm is expected to report its next earnings report after the market closes on Wednesday, April 21st.
According to Zacks, analysts expect that Crown Castle International will report full-year earnings of $6.73 per share for the current year, with EPS estimates ranging from $6.68 to $6.82. For the next year, analysts forecast that the company will post earnings of $7.26 per share, with EPS estimates ranging from $7.13 to $7.41. Zacks Investment Research's earnings per share calculations are an average based on a survey of analysts that that provide coverage for Crown Castle International.
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Crown Castle International Corp. (REIT) (CCI) Expected to Post Quarterly Sales of $1.50 Billion
By: MarketBeat | March 26, 2021
Wall Street brokerages forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will report sales of $1.50 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Crown Castle International's earnings. The highest sales estimate is $1.53 billion and the lowest is $1.47 billion. Crown Castle International posted sales of $1.42 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is expected to issue its next quarterly earnings report on Wednesday, May 5th.
According to Zacks, analysts expect that Crown Castle International will report full-year sales of $6.19 billion for the current year, with estimates ranging from $6.14 billion to $6.25 billion. For the next financial year, analysts expect that the firm will post sales of $6.50 billion, with estimates ranging from $6.44 billion to $6.54 billion. Zacks' sales averages are an average based on a survey of sell-side analysts that follow Crown Castle International.
Crown Castle International (NYSE:CCI) last issued its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.75. Crown Castle International had a net margin of 13.09% and a return on equity of 7.57%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis.
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Real Set Ups in Real Estate
By: Greg Schnell | March 19, 2021
Why so many real estate set ups are occurring right now is hard to know, but the setups are nice. All these stocks were in strong uptrends before COVID hit. Can they resume the big picture?
The first one is Crown Castle (CCI). Crown's yield is only 2.2%, which I thought might be the first reason people are looking around. That doesn't seem that motivating. When I look historically, the stock was strong through 2019, but paused for most of 2020. Perhaps the investors like the opportunity to get back on this name with a clean uptrend as the economy reopens. The stock is breaking the downtrend to resume the move up. The SCTR has been under 30, but it was a much stronger stock before COVID. Maybe it can turn the corner?
Good trading,
Greg Schnell, CMT, MFTA
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BofA Securities Makes Big Changes to US 1 List of Top Stocks to Buy
By: 24/7 Wall St. | March 11, 2021
Crown Castle
Shares of this top cell tower company offers incredible growth and income possibilities. Crown Castle International Corp. (NYSE: CCI) is one of the largest U.S. wireless tower companies, with over 40,000 towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. The core business for the company is leasing space on its wireless towers primarily to wireless carriers, government agencies and broadband data providers.
Crown Castle is one of the best stocks in the group for more conservative investors as the high-yield distribution and low volatility make it a good holding for accounts seeking growth and income with less risk.
Investors receive a 3.50% distribution. The $180 BofA Securities price is above the $171.43 consensus target. Crown Castle International stock closed at $151.94 on Wednesday.
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Crown Castle International Corp. (REIT) (NYSE:CCI) Given Consensus Rating of "Buy" by Analysts
By: MarketBeat | February 19, 2021
Crown Castle International Corp. (REIT) (NYSE:CCI) has received a consensus recommendation of "Buy" from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $175.36.
CCI has been the topic of a number of research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Crown Castle International from a "neutral" rating to a "buy" rating and set a $170.00 target price on the stock in a report on Thursday, January 14th. Deutsche Bank Aktiengesellschaft raised shares of Crown Castle International from a "hold" rating to a "buy" rating and increased their target price for the stock from $177.00 to $180.00 in a report on Friday, December 11th. Raymond James dropped their target price on shares of Crown Castle International from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, January 29th. Credit Suisse Group dropped their target price on shares of Crown Castle International from $158.00 to $155.00 and set a "neutral" rating on the stock in a report on Friday, January 29th. Finally, Smith Barney Citigroup raised shares of Crown Castle International from a "neutral" rating to a "buy" rating in a report on Thursday, January 14th.
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