Company Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at the Stifel 2016 Technology, Internet & Media Conference

[GlobeNewswire] – HOUSTON, May 31, 2016– Crown Castle International Corp. announced today that Son Nguyen, Crown Castle’ s Vice President of Corporate Finance& Investor Relations, is scheduled to present on Monday, June … Read more on this. Crown Castle International Corp. (CCI) , valued at $30.59B, began trading this morning at $90.83. Today, shares have traded between $90.09 and $90.97 per share and has traded between $75.71 and $91.97 over the past year. CCI shares are currently priced at 19.24x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.92x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.54 per share annually in dividends, yielding 3.90%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $1.16 per share, which would be $0.13 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.72, which would be a $0.42 improvement 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 $947.53 Million. If realized, that would be a 5.35% 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. Investors should keep in mind is that the average price target is $95.81, which is 5.48% 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 (NYSE:CCI): Crown Castle to Present at the Citi 2016 Internet, Media & Telecommunications Conference Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend
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