Stock Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Announces Pricing of Senior Notes Offering

[GlobeNewswire] – HOUSTON, Jan. 28, 2016– Crown Castle International Corp. announced today that it has priced its previously announced public offering of senior notes due 2021 and 2026, in aggregate principal amounts of … Read more on this. Crown Castle International Corp. (CCI) , valued at $28.31B, started trading this morning at $83.50. Looking at today’s trading action, the company’s one day range from $83.50 to $85.97 with a trailing 52-week range being $75.71 to $89.44. CCI shares are currently priced at 19.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 21.10x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.54 per share annually in dividends, yielding 4.36%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.35 would be a $0.16 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $928.53 Million. If reported, that would be a 4.03% decrease over the year-ago quarter. In terms of ratings, Citigroup upgraded CCI from Neutral to Buy (Jul 22, 2015). Previously, Raymond James upgraded CCI from Mkt Perform to Outperform. When considering if the stock is under or overvalued, the average price target is $95.43, which is 14.29% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred 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