Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend

[GlobeNewswire] – HOUSTON, Dec. 18, 2015– Crown Castle International Corp. announced today that the quarterly dividend on its 4.50% Mandatory Convertible Preferred Stock will be paid on February 1, 2016 to holders of record … Read more on this. Crown Castle International Corp. (CCI) , with a current market cap of $28.31B, started the session at $85.43. Shares have traded today between $84.78 and $86.13 per share with the price of the stock fluctuating between $75.78 to $89.44 over the last 52 weeks. CCI shares are currently priced at 19.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.87x forward p/e ratio. And for passive income investors, the company pays shareholders $3.54 per share annually in dividends, yielding 4.13%. According to a consensus of 11 analysts, the earnings estimate of $1.10 per share would be $0.06 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $4.34, which would be a $0.15 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $927.92 Million. If reported, that would be a 4.10% decrease over the year-ago quarter. More recently, Citigroup upgraded CCI from Neutral to Buy (Jul 22, 2015). Previously, Raymond James upgraded CCI from Mkt Perform to Outperform. The average price target for CCI shares is $95.38, which is 11.65% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Stock Update (NYSE:CCI): Crown Castle Declares Quarterly Common Stock Dividend Market Update: Crown Castle International Corp (NYSE:CCI) – Bulls Eye Crown Castle (CCI) Stock Ahead of Today’s Earnings Release Stock Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at the Bank of America Merrill Lynch 2015 Media, Communications & Entertainment Conference