Crown Castle (CCI) to Release Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCIGet Free Report) is anticipated to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Crown Castle to post earnings of $0.44 per share and revenue of $1,634,506.55 billion for the quarter.

Crown Castle Price Performance

NYSE CCI opened at $91.03 on Tuesday. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The business’s fifty day moving average price is $96.66 and its 200-day moving average price is $105.67.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.88%. Crown Castle’s payout ratio is currently 221.99%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut Crown Castle from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $105.00 to $100.00 in a research report on Tuesday, December 10th. Citigroup set a $128.00 target price on shares of Crown Castle in a research report on Thursday, October 17th. UBS Group lifted their price target 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. TD Cowen dropped their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their target price on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.00.

Read Our Latest Research Report on Crown Castle

About Crown Castle

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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.

See Also

Earnings History for Crown Castle (NYSE:CCI)

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