Company Update (NYSE:CCI): Crown Castle Declares Quarterly Common Stock Dividend

[GlobeNewswire] – HOUSTON, Feb. 18, 2016– Crown Castle International Corp. announced today that its Board of Directors has declared a quarterly cash dividend of $0.885 per common share. The quarterly dividend will be payable … Read more on this. Crown Castle International Corp. (CCI) , with a current value of $28.71B, opened this morning at $84.72. Shares have traded today between $84.42 and $86.88 per share with a trailing 52-week range being $75.71 to $89.04. Priced at 17.45x this year’s forecasted earnings, CCI shares are relatively inexpensive compared to the industry ’s 20.68x forward p/e ratio. And for income investors, the company pays shareholders $3.54 per share annually in dividends, yielding 4.26%. According to a consensus of 11 analysts, the earnings estimate of $1.14 per share would be $0.01 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.67 is a $0.37 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $935.00 Million. If realized, that would be a 0.64% 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 perhaps the stock is under or overvalued, the average price target is $95.38, which is 12.58% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Stock Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Announces Pricing of Senior Notes Offering Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend Stock Update (NYSE:CCI): Crown Castle Declares Quarterly Common Stock Dividend
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