Stock Update (NYSE:CCI): Crown Castle to Present at the Citi 2016 Internet, Media & Telecommunications Conference

[GlobeNewswire] – HOUSTON, Dec. 29, 2015– Crown Castle International Corp. announced today that Ben Moreland, Crown Castle’ s President and Chief Executive Officer, is scheduled to present on Wednesday, January 6, 2016 … Read more on this. Crown Castle International Corp. (CCI) , currently valued at $29.37B, started trading this morning at $87.52. Today, shares have traded between $87.28 and $88.15 per share and has traded between $75.78 and $89.44 over the past 12 months. CCI shares are currently priced at 20.03x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.00x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.54 per share annually in dividends, yielding 4.07%. Consensus earnings for the current quarter by the 11 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $4.34 is a $0.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $927.92 Million. If reported, that would be a 4.10% decrease over the year-ago quarter. Recently, Citigroup upgraded CCI from Neutral to Buy (Jul 22, 2015). Previously, Raymond James upgraded CCI from Mkt Perform to Outperform. With the above information in mind, readers should note that the average price target is $95.38, which is 8.98% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend Market Update: Crown Castle International Corp (NYSE:CCI) – Bulls Eye Crown Castle (CCI) Stock Ahead of Today’s Earnings Release Stock Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at the Bank of America Merrill Lynch 2015 Media, Communications & Entertainment Conference