CCI - Crown Castle International Corp. (REIT)

NYSE - NYSE Delayed Price. Currency in USD
125.48
-1.39 (-1.10%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close126.87
Open127.53
Bid124.01 x 800
Ask126.90 x 800
Day's Range125.21 - 128.34
52 Week Range103.21 - 137.85
Volume3,909,041
Avg. Volume1,807,896
Market Cap52.167B
Beta (3Y Monthly)0.36
PE Ratio (TTM)73.00
EPS (TTM)1.72
Earnings DateOct 15, 2019 - Oct 21, 2019
Forward Dividend & Yield4.50 (3.55%)
Ex-Dividend Date2019-06-13
1y Target Est132.17
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents11 hours ago

    Edited Transcript of CCI earnings conference call or presentation 18-Jul-19 2:30pm GMT

    Q2 2019 Crown Castle International Corp Earnings Call

  • Crown Castle International Crushed Its Second-Quarter Earnings Guidance
    Motley Foolyesterday

    Crown Castle International Crushed Its Second-Quarter Earnings Guidance

    The cell tower operator is pivoting sharply into the fiber-based market for small cell network sites.

  • Crown Castle International Corp (CCI) Q2 2019 Earnings Call Transcript
    Motley Fool2 days ago

    Crown Castle International Corp (CCI) Q2 2019 Earnings Call Transcript

    CCI earnings call for the period ending June 30, 2019.

  • Crown Castle (CCI) Q2 FFO & Revenues Trump Estimates, View Up
    Zacks2 days ago

    Crown Castle (CCI) Q2 FFO & Revenues Trump Estimates, View Up

    Growth in site-rental revenues and high levels of tower leasing activity help Crown Castle International (CCI) trump Q2 estimates and raise its guidance.

  • Crown Castle (CCI) Surpasses Q2 FFO and Revenue Estimates
    Zacks3 days ago

    Crown Castle (CCI) Surpasses Q2 FFO and Revenue Estimates

    Crown Castle (CCI) delivered FFO and revenue surprises of 3.50% and 3.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire3 days ago

    Crown Castle Reports Second Quarter 2019 Results and Raises Outlook for Full Year 2019

    HOUSTON, July 17, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") today reported results for the quarter ended June 30, 2019, and raised its full year.

  • What to Expect from Crown Castle’s Q2 Results
    Market Realist4 days ago

    What to Expect from Crown Castle’s Q2 Results

    Crown Castle International (CCI) is scheduled to announce its second-quarter earnings results on Wednesday after the market closes.

  • Prologis (PLD) to Buy IPT for $3.99B, Beats Q2 FFO Estimates
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    Prologis (PLD) to Buy IPT for $3.99B, Beats Q2 FFO Estimates

    Prologis' (PLD) deal to acquire Industrial Property Trust will help gain premium assets in preferred submarkets. Also, with solid customer demand, the company put up a decent show in Q2.

  • Markit4 days ago

    See what the IHS Markit Score report has to say about Crown Castle International Corp.

    Crown Castle International Corp NYSE:CCIView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for CCI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CCI. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CCI are favorable, with net inflows of $10.28 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. CCI credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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  • Topping Patterns in Real Estate ETFs Suggest Selling
    Investopedia8 days ago

    Topping Patterns in Real Estate ETFs Suggest Selling

    A double top pattern may usher in selling ahead of a likely rate cut. Consider these tactics to profit from falling REIT prices.

  • What's in Store for Crown Castle (CCI) This Earnings Season?
    Zacks8 days ago

    What's in Store for Crown Castle (CCI) This Earnings Season?

    While Crown Castle International's (CCI) site-rental revenues will likely improve, intense competition amid growth potential of the tower sector might dent net revenues from network services.

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    7 Top Texas Stocks to Buy Now

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  • GuruFocus.com12 days ago

    3 High Forward Dividend-Yield Stocks to Beat the Market

    Crown Castle tops the list

  • 3 Top Dividend Stocks to Buy in July
    Motley Fool13 days ago

    3 Top Dividend Stocks to Buy in July

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  • TheStreet.com15 days ago

    Cell Towers Boom Amid New Uses -- Here's How to Play the Trend

    Companies like ClimaCell are using cell towers to improve weather forecasts. This benefits tower operators because it means carriers will be willing to pay higher rents.

  • GlobeNewswire17 days ago

    Crown Castle Announces Second Quarter 2019 Earnings Release and Conference Call Schedule

    HOUSTON, July 03, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it plans to release its second quarter 2019 results on Wednesday,.

  • Three Things You Should Check Before Buying Crown Castle International Corp. (REIT) (NYSE:CCI) For Its Dividend
    Simply Wall St.18 days ago

    Three Things You Should Check Before Buying Crown Castle International Corp. (REIT) (NYSE:CCI) For Its Dividend

    Dividend paying stocks like Crown Castle International Corp. (REIT) (NYSE:CCI) tend to be popular with investors, and...

  • Crown Castle (CCI) Stock Sinks As Market Gains: What You Should Know
    Zacks22 days ago

    Crown Castle (CCI) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Crown Castle (CCI) closed at $130.35, marking a -0.09% move from the previous day.

  • REIT Stocks Flash Warning Sign After Long Run
    Investor's Business Daily24 days ago

    REIT Stocks Flash Warning Sign After Long Run

    REIT stocks fell again Wednesday after a strong run for many real estate investment trusts. Blame shifts from Fed rate cuts to the Sprint/T-Mobile merger saga.

  • Aggressive Dealmaking Drives Europe's Most Expensive Stock
    Bloomberg24 days ago

    Aggressive Dealmaking Drives Europe's Most Expensive Stock

    (Bloomberg) -- Combining two badly performing industries usually doesn’t make them any better. Yet that’s what’s underpinning Europe’s most expensive stock.Spain’s Cellnex Telecom SA has become the highest-valued stock on the regional benchmark by serving as a landlord to the ailing telecom industry. While real estate and telecom are among the worst performers on the Stoxx 600 Index this year, Cellnex has soared after snapping up towers from carriers eager to convert their assets to cash, helping them keep up with network investments.“They are in a very sweet spot,” Neil Campling, an analyst at Mirabaud, said by phone. “The only worry at the moment for me is that the stock has moved an awful long way in a very, very short space of time.”The tower company model is fairly new to Europe, in contrast with the U.S., where American Tower Corp. and Crown Castle International Corp. began buying communication sites in the mid-1990s. Since its initial public offering in 2015, Cellnex has seized the relatively open field with aggressive dealmaking, spending 2.7 billion euros ($3.1 billion) just last month on more than 10,000 towers in Italy, France and Switzerland.The company looks set to continue its acquisition spree -- it announced on Tuesday the issuance of as much as 850 million euros in a nine-year convertible bond to fund purchases. The company has increased the number of network infrastructure sites in its portfolio by six-fold to about 45,000 in the past 4.5 years, including ones it has agreements on building for clients.Cellnex has gained nearly 60% in the first half, taking this year’s estimated price-to-earnings ratio to an eye-watering 131, according to data compiled by Bloomberg. That’s beyond such high-growth companies as the Dutch payments prodigy Adyen NA, or computer-games maker CD Projekt SA, which is about to publish its most-hyped title ever. Cellnex declined to comment on the valuation.While Cellnex’s expected revenue growth is much slower than the other names at the top, the surveyed 12 analysts estimate its earnings per share to nearly double from 2019 to 2021. Tower stocks have showed up on investors’ radar thanks to their stable cash flows and good visibility: smaller Italian peer Inwit SpA has also had a good year with a 43% gain so far. Tower contracts are usually signed for a decade or two.“There is a premium being paid for corporates that offer visibility,’’ Guy Peddy, an analyst at Macquarie, said by phone. “Cellnex is the only clear, European, free-from-ownership-issues, tower-focused operator.”Cellnex’s biggest shareholder is Italy’s Benetton family, which owns about 30% of the stock via its investment company Edizione. The family is said to be backing former Telecom Italia SpA head Franco Bernabe to replace Marco Patuano as chairman, Bloomberg reported Monday, citing people familiar with the matter.During the stellar run of the second quarter, Cellnex shares have mostly traded above the average price target, leaving analysts to play catch-up. The gap became the widest ever this week at 3 euros and currently implies a 4.8% downside to the stock, according to 27 estimates in a Bloomberg survey.In Europe, the share of telecommunications infrastructure held by independent tower companies is low compared with other regions, according to an April report by accounting and consultancy firm EY and the European Wireless Infrastructure Association (EWIA). The share of independent tower firms was a mere 17% in 2017, compared with 67% in North America and 42% in the Caribbean and Latin America. Operators could free up 28 billion euros if that share grew to 50%, the report estimates.Race to BuyOne risk to Cellnex’s tower campaign across Europe is competition for assets. The region’s emerging tower business is “not a one-horse race,” analysts at Kempen warned in a note last month, saying that Cellnex losing out on deals could lead to investor disappointment. In 2016, American Towers teamed up with Dutch pension fund PGGM Fondsenbeheer BV, beating Cellnex to win Antin Infrastructure Partners’ French phone towers.While American Towers has been more focused on emerging markets since, there’s a possibility that a private equity firm such as KKR & Co. Inc. would join the party, Giles Thorne, an analyst at Jefferies said in a note on Tuesday, keeping his buy rating and raising his price target by more than 50%.“The one candidate that has the assets and scope on paper to replicate Cellnex’s march across Europe is KKR,” Thorne said. “Its actions suggest it doesn’t see the regional synergy case for cross-border M&A. This may yet change.”Additionally, some telecom carriers see network quality as an important competitive advantage and are reluctant to relinquish control of their top sites. Tim Hoettges, chief executive officer of Deutsche Telekom AG -- which is not a client of Cellnex -- has spoken of “golden sites” as a category of differentiating network infrastructure locations the company wouldn’t be willing to share.Yet overall, tower companies are well placed to benefit from industry-specific drivers, including increased data consumption, Josh Sambrook-Smith, a thematic equity analyst at Sarasin & Partners, said by phone.“You have all the other super exciting, long-term trends,” said Sambrook-Smith. “This is just a relatively safe way to play it.”(Updates share prices from the 6th paragraph, chart)To contact the reporter on this story: Kit Rees in London at krees1@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Kasper Viita, Celeste PerriFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Crown Castle (CCI) Expands Credit Facility, Extends Maturity
    Zacks26 days ago

    Crown Castle (CCI) Expands Credit Facility, Extends Maturity

    Crown Castle's (CCI) expanded credit facility and extended maturity date provides the company with balance-sheet strength and supports its growth endeavors.

  • Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know
    Zacks29 days ago

    Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know

    Crown Castle (CCI) closed at $135.78 in the latest trading session, marking a -0.83% move from the prior day.

  • GlobeNewswire29 days ago

    Crown Castle Increases Revolving Credit Facility Commitments to $5.0 Billion and Extends Maturity of Existing Facilities

    HOUSTON, June 21, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that it increased the commitments under its Senior Unsecured Revolving.