Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at REITWeek 2016: NAREIT’s Investor Forum

[GlobeNewswire] – HOUSTON, June 06, 2016– Crown Castle International Corp. announced today that Ben Moreland, Crown Castle’ s Executive Vice Chairman, is scheduled to present on Wednesday, June 8, 2016 at 2:00 p.m. Eastern … Read more on this. Crown Castle International Corp. (CCI) , with a current market cap of $31.34B, opened this morning at $92.80. During the trading session, CCI traded between $92.64 to $93.41 and has traded between $75.71 and $93.41 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 21.09x forward p/e ratio. The company pays shareholders $3.54 per share in dividend income per year, for a current yield of 3.82%. 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 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 $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. The average price target for CCI shares by the analysts covering the stock is $95.81, which is 3.24% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Company Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at the Stifel 2016 Technology, Internet & Media Conference Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle buys Tower Development Corp for $461 million Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend