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Crown Castle International
Type
Public
Traded as NYSE: CCI
S&P 500 Component
Industry Wireless communication services
Founded 1994; 23 years ago (1994) in Texas
Headquarters Houston, Texas, United States
Revenue Increase US$3.664 billion (2015)
Operating income
Increase US$946 million (2015)
Net income
Increase US$1.521 billion (2015)
Total assets Increase US$22.0 billion (2015)
Total equity Increase 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.


News

Crown Castle International Corp. (REIT) 2.06% (real estate)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-24 Future report Set alerts
Q3 2020 2020-10-28 Future report Set alerts
Q2 2020 2020-07-29 0.41 0.41
Q1 2020 2020-04-29 0.38 0.38
Q4 2019 2020-02-26 0.43 0.43
Q3 2019 2019-10-16 0.58 0.51
Q2 2019 2019-07-17 0.52 0.45
Q1 2019 2019-04-17 0.44 0.40
Q4 2018 2019-01-23 0.44 0.42
Q3 2018 2018-10-17 0.33 0.30

Ratings

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

Major Shareholders

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 /

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