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MarketScreener Homepage  >  Equities  >  Nyse  >  Crown Castle International Corp. (REIT)    CCI

CROWN CASTLE INTERNATIONAL CORP. (REIT)

(CCI)
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CCI, CCI-PA DEADLINE NOTICE: ROSEN, A TOP LAW FIRM, Reminds Crown Castle International Corp. Investors of Important Deadline in Securities Class Action; Investors with Large Losses Should Contact the Firm – CCI, CCI-PA

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04/07/2020 | 02:22pm EDT

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Crown Castle International Corp. (NYSE: CCI, CCI-PA) between February 26, 2018 and February 26, 2020, inclusive (the “Class Period”), of the important April 27, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Crown Castle investors under the federal securities laws.

To join the Crown Castle class action, go to http://www.rosenlegal.com/cases-register-1790.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Crown Castle’s internal control over financial reporting and disclosures controls and procedures were ineffective and materially weak; (2) Crown Castle's financial accounting and reporting was not in accordance with GAAP; (3) Crown Castle’s net income, adjusted EBITDA, and adjusted funds from operations were inflated; (4) Crown Castle would need to restate its financial statements for the years ended December 31, 2018 and 2017, and unaudited financial information for the quarterly and year-to-date periods in the year ended December 31, 2018 and for the first three quarters in the year ended December 31, 2019; and (5) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 27, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1790.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney advertising. Prior results do not guarantee a similar outcome.


© Business Wire 2020
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Financials (USD)
Sales 2020 5 959 M
EBIT 2020 1 751 M
Net income 2020 918 M
Debt 2020 19 619 M
Yield 2020 3,06%
P/E ratio 2020 73,5x
P/E ratio 2021 58,2x
EV / Sales2020 14,5x
EV / Sales2021 13,7x
Capitalization 66 509 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 164,73 $
Last Close Price 159,59 $
Spread / Highest target 15,3%
Spread / Average Target 3,22%
Spread / Lowest Target -43,6%
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NameTitle
Jay A. Brown President, Chief Executive Officer & Director
J. Landis Martin Chairman
Daniel K. Schlanger Chief Financial Officer, Treasurer & Senior VP
W. Benjamin Moreland Director
Robert P. Bartolo Independent Director
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