Type
|
Public |
---|---|
Traded as | NYSE: CCI S&P 500 Component |
Industry | Wireless communication services |
Founded | 1994 (1994) in Texas |
Headquarters | Houston, Texas, United States |
Revenue | US$3.664 billion (2015) |
Operating income
|
US$946 million (2015) |
Net income
|
US$1.521 billion (2015) |
Total assets | US$22.0 billion (2015) |
Total equity | US$7,089 million (2015) |
Number of employees
|
2,700 (2015) |
Website | crowncastle.com |
Footnotes / references |
Crown Castle International Corp. is an American corporation headquartered in Houston, Texas, which provides infrastructure for broadcasting, mobile telephony and wireless broadband including small cell, traditional cell sites, rooftop sites and indoor/outdoor distributed antenna systems. It operates in the United States, including Puerto Rico. It provides mobile telephone coverage to all of the top 100 markets in the US on behalf of service providers such as Verizon, AT&T Mobility, Sprint and T-Mobile. In 2015, the company ranked #166 in the S&P 500 index.
On August 31, 2004 Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for $2.035 billion in cash National Grid Transco plc was renamed as National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.
On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., a rival U.S. tower operator which was based in Sarasota, Florida.
On December 11, 2011, Crown Castle announced a definitive agreement to purchase NextG Networks, Inc. for about $1.0 billion. NextG had over 7,000 distributed antenna system nodes on-air at the time of the agreement with another 1,500 nodes under construction as well as rights to more than 4,600 miles of fiber optic cables.
On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile USA. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion. After the deal ends in 2040, Crown Castle may be able to purchase the towers for an additional $2.4 billion.
On October 20, 2013, Crown Castle entered a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years in exchange for $4.85 billion. Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion. 600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 a month per site to access the towers with rent rising approximately 2% per year.
In 2015, Crown Castle expanded into small cell technology to boost the capability and widen the scope of their network. The acquisition of Quanta Fiber Networks (Sunesys) in 2015 ensured that the company had access to over 10,000 miles of fiber in key metro areas like Los Angeles, Chicago, Silicon Valley and Atlanta, this followed the 2014 acquisition of 24/7 Mid-Atlantic Network with over 800 miles of fiber along the East Coast of the United States.
On July 19, 2017, Crown Castle signed a definitive agreement to acquire Lightower for approximately $7.1 billion in cash. Lightower is a fiber network operator primarily in the northeast United States. This transaction increases Crown castle's fiber network to approximately 60,000 route miles. The buyout had a significant impact on second-quarter earnings reported in late July. Revenue increased by 3.3% and small cells increased sales by 42%. Crown Castle also announced a $3.25 billion common stock offering as well as a $1.5 billion sale of convertible preferred shares to help finance the Lightower purchase.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2023-04-19 | Future report Set alerts | |
Q3 2022 | 2022-10-19 | 0.97 | 0.97 |
Q2 2022 | 2022-07-20 | 0.97 | 0.97 |
Q1 2022 | 2022-04-20 | 0.97 | 0.97 |
Q4 2021 | 2022-01-26 | 0.81 | 0.81 |
Q3 2021 | 2021-10-20 | 0.81 | 0.81 |
Q2 2021 | 2021-07-21 | 0.77 | 0.77 |
Q1 2021 | 2021-04-21 | 0.28 | 0.28 |
Q4 2020 | 2021-01-27 | 0.34 | 0.34 |
Q3 2020 | 2020-10-21 | 0.38 | 0.38 |
2016-07-11 | Downgrade | Citigroup Inc. | Buy to Neutral | $94.00 to $109.00 |
2016-06-07 | Reiterated Rating | Oppenheimer | Buy | |
2016-06-07 | Reiterated Rating | Oppenheimer Holdings Inc. | Buy | |
2016-05-31 | Reiterated Rating | Deutsche Bank | Buy | $99.00 |
2016-05-31 | Reiterated Rating | Deutsche Bank AG | Buy | $99.00 |
2016-04-25 | Boost Price Target | Deutsche Bank | Buy | $98.00 to $99.00 |
2016-04-25 | Reiterated Rating | Jefferies Group | Buy | |
2016-04-25 | Reiterated Rating | Cowen and Company | Outperform | $94.00 to $100.00 |
2016-04-25 | Boost Price Target | Stifel Nicolaus | Buy | $95.00 to $97.00 |
2016-04-25 | Boost Price Target | RBC Capital | Outperform | $100.00 to $102.00 |
2016-04-25 | Boost Price Target | Royal Bank Of Canada | Outperform | $100.00 to $102.00 |
2016-03-30 | Boost Price Target | Moffett Nathanson | $98.00 to $103.00 | |
2016-03-06 | Reiterated Rating | Deutsche Bank | Buy | |
2016-02-25 | Initiated Coverage | SunTrust | Buy | $100.00 |
2016-02-25 | Initiated Coverage | SunTrust Banks Inc. | Buy | $100.00 |
2016-02-23 | Initiated Coverage | Deutsche Bank | Buy | $98.00 |
2016-02-11 | Upgrade | Goldman Sachs | Buy to Conviction-Buy | $101.00 |
2016-02-11 | Upgrade | Goldman Sachs Group Inc. | Buy to Conviction-Buy | $101.00 |
2016-02-01 | Lower Price Target | RBC Capital | Outperform | $100.00 to $97.00 |
2016-01-29 | Boost Price Target | Raymond James | Outperform | $94.00 |
2016-01-29 | Boost Price Target | Raymond James Financial Inc. | Outperform | $94.00 |
2015-10-26 | Boost Price Target | Macquarie | Outperform | $101.00 to $104.00 |
2015-10-23 | Boost Price Target | Jefferies Group | Buy | $95.00 to $100.00 |
2015-10-23 | Boost Price Target | Cowen and Company | Outperform | $91.00 to $94.00 |
2015-10-23 | Boost Price Target | Stifel Nicolaus | Buy | $90.00 to $95.00 |
2015-10-20 | Reiterated Rating | Canaccord Genuity | Buy | $93.00 |
2015-09-02 | Reiterated Rating | Citigroup Inc. | Buy | $92.00 |
2015-08-26 | Initiated Coverage | Stifel Nicolaus | Buy | $90.00 |
2015-07-29 | Boost Price Target | Macquarie | Outperform | $99.00 to $101.00 |
2015-07-28 | Downgrade | Oppenheimer | Market Perform | |
2015-07-25 | Reiterated Rating | Cowen and Company | Buy | $95.00 to $91.00 |
2015-07-24 | Lower Price Target | Canaccord Genuity | Buy | $95.00 to $93.00 |
2015-07-22 | Upgrade | Citigroup Inc. | Neutral to Buy | $90.00 to $92.00 |
2015-07-21 | Reiterated Rating | Evercore Partners Inc. | Buy to Hold | |
2015-07-21 | Downgrade | Evercore ISI | Buy to Hold | |
2015-06-18 | Initiated Coverage | BTIG Research | Buy | $95.00 |
2015-04-27 | Reiterated Rating | Oppenheimer | Hold | |
2015-04-24 | Boost Price Target | Citigroup Inc. | Neutral | $87.00 to $90.00 |
2015-04-24 | Upgrade | Raymond James | Market Perform to Outperform | $91.00 |
2015-04-21 | Reiterated Rating | Canaccord Genuity | Buy | $95.00 |
2015-04-07 | Upgrade | Evercore Partners Inc. | Hold to Buy | $86.00 to $92.00 |
2015-04-07 | Upgrade | Evercore ISI | Hold to Buy | $84.94 to $92.00 |
2015-01-28 | Boost Price Target | Canaccord Genuity | Buy | $88.00 to $95.00 |
2015-01-23 | Boost Price Target | Barclays | Equal Weight | $83.00 to $85.00 |
2015-01-23 | Boost Price Target | Barclays PLC | Equal Weight | $83.00 to $85.00 |
2015-01-22 | Downgrade | Oppenheimer | Outperform to Market Perform | $90.00 |
2015-01-20 | Reiterated Rating | Canaccord Genuity | Buy | $88.00 to $95.00 |
2014-12-10 | Downgrade | Oppenheimer | Outperform to Market Perform | $90.00 |
2014-12-08 | Reiterated Rating | Macquarie | Top Pick | $91.00 to $95.00 |
2014-12-02 | Downgrade | Raymond James | Outperform to Market Perform | $84.00 |
2014-11-03 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $93.00 to $90.00 |
2014-11-03 | Reiterated Rating | Macquarie | Outperform | $93.00 to $91.00 |
2014-11-03 | Downgrade | Raymond James | Strong-Buy to Outperform | $90.00 to $84.00 |
2014-11-03 | Downgrade | Nomura | Buy to Neutral | $80.00 |
2014-11-03 | Upgrade | Goldman Sachs | Neutral to Buy | $94.00 |
2014-11-03 | Downgrade | Nomura Holdings Inc. | Buy to Neutral | $80.00 |
2014-09-02 | Initiated Coverage | Goldman Sachs | Neutral | |
2014-08-27 | Boost Price Target | Barclays | Equal Weight | $83.00 to $85.00 |
2014-07-25 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $85.00 to $87.00 |
2014-07-25 | Downgrade | Pacific Crest | Outperform to Sector Perform | $102.00 |
2014-06-13 | Initiated Coverage | Credit Suisse | Neutral | $84.00 |
2014-04-24 | Reiterated Rating | Citigroup Inc. | Hold | $79.00 |
2014-03-27 | Reiterated Rating | Morgan Stanley | Positive | |
2014-01-27 | Boost Price Target | RBC Capital | Outperform | $89.00 to $90.00 |
2013-12-19 | Initiated Coverage | Jefferies Group | Buy | $90.00 |
2013-12-18 | Initiated Coverage | JPMorgan Chase & Co. | Overweight to Neutral | $85.00 |
2013-10-24 | Boost Price Target | Deutsche Bank | Buy | $89.00 to $95.00 |
2013-10-22 | Boost Price Target | Cowen and Company | Outperform | $81.00 to $82.00 |
2012-12-13 | Reiterated | Canaccord Genuity | Buy | $74 to $83 |
2012-12-04 | Reiterated | RBC Capital Mkts | Outperform | $73 to $82 |
2012-10-26 | Reiterated | Canaccord Genuity | Buy | $67 to $74 |
2012-04-10 | Reiterated | Oppenheimer | Outperform | $52 to $62 |
2012-03-12 | Reiterated | The Benchmark Company | Buy | $54 to $63 |
2012-01-27 | Reiterated | Collins Stewart | Buy | $58 to $61 |
2012-01-04 | Initiated | Stifel Nicolaus | Buy | $55 |
2011-03-15 | Upgrade | UBS | Neutral to Buy | $44 to $47 |
2011-01-28 | Reiterated | RBC Capital Mkts | Outperform | $50 to $52 |
2011-01-12 | Reiterated | Deutsche Bank | Buy | $51 to $57 |
2010-10-28 | Reiterated | The Benchmark Company | Buy | $52 to $54 |
2016-07-11 | Downgrade | Citigroup Inc. | Buy to Neutral | $94.00 to $109.00 |
2016-06-07 | Reiterated Rating | Oppenheimer | Buy | |
2016-06-07 | Reiterated Rating | Oppenheimer Holdings Inc. | Buy | |
2016-05-31 | Reiterated Rating | Deutsche Bank | Buy | $99.00 |
2016-05-31 | Reiterated Rating | Deutsche Bank AG | Buy | $99.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CCI 765 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 56.94M |
BlackRock Inc. | 33.68M |
STATE STREET CORP | 20.51M |
Capital International Investors | 18.29M |
BANK OF AMERICA CORP /DE/ | 13.82M |
Capital Research Global Investors | 12.80M |
Capital World Investors | 11.17M |
MORGAN STANLEY | 11.14M |
FMR LLC | 11.09M |
BlackRock Institutional Trust Company, N.A. | 9.68M |
GEODE CAPITAL MANAGEMENT, LLC | 8.74M |
COHEN & STEERS INC | 8.34M |
DEUTSCHE BANK AG\ | 7.58M |
BlackRock Fund Advisors | 7.33M |
Shinko Asset Management Co., Ltd. | 6.98M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
KELLY JOHN P | 0.21% (706083) | CCI / |
MORELAND W BENJAMIN President & CEO | 0.19% (635771) | CCI / CPN / |
HAWK E BLAKE EVP & General Counsel | 0.10% (324932) | CCI / |
Young James D Chief Operating Officer | 0.05% (163064) | CCI / |
Brown Jay A. Sr. VP, CFO & Treasurer | 0.05% (162526) | CCI / |
Kelley Philip M Senior VP, Corp Dev & Strategy | 0.03% (102473) | CCI / |
MARTIN J LANDIS | 0.03% (101722) | AIV / CCI / HAL / IPI / |
Slowey Patrick SVP & Chief Commercial Officer | 0.02% (63540) | CCI / |
HOGAN LEE W | 0.01% (49549) | CCI / |
Kavanagh Michael Joseph SVP & Chief Commercial Officer | 0.01% (30996) | CCI / |
MCKENZIE ROBERT F | 0.01% (30227) | CCI / |
Bartolo P Robert | 0.01% (27229) | CCI / |
FITZGERALD ARI Q | 0.01% (26954) | CCI / |
GARRISON ROBERT E II | 0.01% (25551) | CCI / |
CHRISTY LANGENFELD CYNTHIA K | 0.01% (24524) | CCI / DNB / |
HATFIELD DALE N | 0.01% (22141) | CCI / |