Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- 3 Top-Ranked Consumer ETFs to Buy Now
- This Week's Top Value Stocks
- RTI: When Will We Finally See a Pullback?
- RTI: When is the Fed's "Taper Telegraph" Coming?
- Insurance Industry Stock Outlook - May 2013
- Top Stocks with Big Potential Catch-Up Moves
- Roundtable Top Picks of the Week
- Anatomy of Success: Green Mountain Coffee
- The Mega-Rally Rolls On
- Biotechnology ETF Investing 101
- AWS 5/21: The Beginning of the End for QE
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/21/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SCIENTIFIC L | SCIL | 8.00% |
| NATUS MEDICA | BABY | 6.11% |
| SUMMER INFAN | SUMR | 6.02% |
| RADIANT LOGI | RLGT | 5.32% |
| NEW ORIENTAL | EDU | 4.51% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Crown Castle International Inc. ( CCI - Analyst Report ) plans to take possession of 2,300 ground lease-related assets from Wireless Capital Partners LLC for $180 million in cash. The proposed acquisition may increase the company’s debt position by $320 million. The deal is expected to be completed by the end of March, 2012.
The lands to be purchased by Crown Castle includes carrier-owned towers. Therefore, with the completion of the deal, the carriers will automatically become tenants of Crown Castle and is anticipated to generate an annual cash flow of $42 million.
At the end of the third quarter of 2011, Crown Castle possessed $76 million of cash in its balance sheet. Therefore, the company will utilize the available $450 million of revolving credit facility in order to finance the recent deal with Wireless Capital.
In December, 2011, Crown Castle also entered into a definitive agreement to acquire privately held NextG Networks Inc. for approximately $1 billion. NextG is the largest provider of outdoor Distributed Antenna Systems (DAS). The deal is expected to be completed by the second quarter of 2012. Hence, the acquisition of NextG Networks will facilitate the company to expand its reach into remote areas.
Moreover, growing popularity of smart-phone and tablet devices is expected to propel demand for wireless data and video services. Therefore, in order to meet this huge demand for data consumption, tower companies are expanding their tower portfolio.
In December, 2011, one of Crown Castle’s closest peers, American American Tower Corp. ( AMT - Analyst Report ) , has purchased 2,500 towers from Pegaso PCS, the Mexican arm of Telefónica, for $500 million.
We believe that strong financial outlook and continuous share repurchase plan will act as tailwinds for the company going forward. However, huge debt and stiff competition from other tower companies will act as negative catalysts for the stock in the near future. We thus maintain our long-term Neutral recommendation on Crown Castle.
Currently, Crown Castle holds a Zacks #2 Rank, implying a short-term Buy rating.
Houston-based Crown Castle International Corp. is a leading independent operator of wireless communication towers in the U.S. and Australia.
Read the full Analyst Report on CCI
Read the full Analyst Report on AMT