Crown Castle International Corp. Given Average Rating of “Buy” by Analysts (NYSE:CCI)
Crown Castle International Corp. (NYSE:CCI) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the company, American Banking News reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $87.20.
Crown Castle International Corp. (NYSE:CCI) opened at 73.47 on Wednesday. Crown Castle International Corp. has a 52-week low of $66.73 and a 52-week high of $77.95. The stock’s 50-day moving average is $74.28 and its 200-day moving average is $74.35. The company has a market cap of $24.417 billion and a P/E ratio of 191.68.
Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Wednesday, July 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.19. The company had revenue of $916.30 million for the quarter, compared to the consensus estimate of $873.26 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts expect that Crown Castle International Corp. will post $4.15 EPS for the current fiscal year.
A number of analysts have recently weighed in on CCI shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Crown Castle International Corp. in a research note on Friday, July 25th. They now have a $87.00 price target on the stock, up previously from $85.00. Separately, analysts at Pacific Crest downgraded shares of Crown Castle International Corp. from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 25th. They now have a $102.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Crown Castle International Corp. in a research note on Friday, June 13th. They set a “neutral” rating and a $84.00 price target on the stock.
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, 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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