Crown Castle International Corp. COO James Young Sells 12,860 Shares (CCI)
Crown Castle International Corp. (NYSE:CCI) COO James Young unloaded 12,860 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.44, for a total value of $918,718.40. Following the completion of the transaction, the chief operating officer now directly owns 271,256 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CCI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Crown Castle International Corp. (NYSE:CCI) in a research note to investors on Tuesday. They now have a $76.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Crown Castle International Corp. (NYSE:CCI) in a research note to investors on Friday, September 6th. They now have a $82.00 price target on the stock, down previously from $90.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Crown Castle International Corp. (NYSE:CCI) in a research note to investors on Wednesday, July 31st. They now have a $74.00 price target on the stock, down previously from $85.00.
Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.00.
Crown Castle International Corp. (NYSE:CCI) traded down 1.37% on Friday, hitting $69.86. The stock had a trading volume of 2,947,046 shares. Crown Castle International Corp. has a 52 week low of $63.16 and a 52 week high of $81.16. The stock has a 50-day moving average of $69.88 and a 200-day moving average of $72.25. The company has a market cap of $20.345 billion and a price-to-earnings ratio of 232.99.
Crown Castle International Corp. (NYSE:CCI) last released its earnings data on Wednesday, July 24th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $735.00 million for the quarter, compared to the consensus estimate of $720.57 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that Crown Castle International Corp. will post $0.56 earnings per share for the current fiscal year.
Crown Castle International Corp. (NYSE:CCI) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests).
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