Crown Castle (CCI) Expected to Announce Earnings on Wednesday

Crown Castle (NYSE:CCI) is anticipated to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.63 billion for the quarter.

Crown Castle Stock Up 0.1 %

Shares of NYSE CCI opened at $89.39 on Tuesday. The firm has a market cap of $38.85 billion, a PE ratio of 31.70 and a beta of 0.88. Crown Castle has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The company has a 50 day simple moving average of $93.78 and a 200 day simple moving average of $104.91.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CCI shares. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada raised their target price on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. JMP Securities began coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target on the stock. TD Cowen decreased their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, UBS Group upped their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.