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

[GlobeNewswire] – HOUSTON, April 26, 2016– Crown Castle International Corp. announced today that it is commencing a public offering of 3.400% Senior Notes due 2021 and Senior Notes due 2026, in each case subject to market … Read more on this. Crown Castle International Corp. (CCI) , valued at $29.52B, began trading this morning at $87.39. Looking at today’s trading action, the company’s one day range from $86.65 to $87.96 with a trailing 52-week range being $75.71 to $88.82. CCI shares are currently priced at 18.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.69x earnings multiple for the same period. And for passive income investors, the company pays shareholders $3.54 per share annually in dividends, yielding 4.03%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $1.16 per share, which would be $0.13 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $4.70, which would be a $0.40 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $945.43 Million. If realized, that would be a 5.11% increase over the year-ago quarter. Recently, Sun Trust Rbsn Humphrey Initiated CCI at Buy (Feb 25, 2016). Previously, Deutsche Bank Initiated CCI at to Buy. When considering if the stock is under or overvalued, the average price target is $95.53, which is 9.31% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle buys Tower Development Corp for $461 million 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