Crown Castle International Corporation (NYSE:CCI) had its target price hoisted by equities research analysts at Bank of America Corporation from $107.00 to $114.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Bank of America Corporation’s price objective would indicate a potential upside of 7.05% from the stock’s current price.

A number of other analysts have also recently weighed in on CCI. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Zacks Investment Research cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. decreased their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $106.50.

Shares of Crown Castle International Corporation (CCI) traded down 0.47% during trading on Friday, reaching $106.49. 2,072,209 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $103.14 and a 200-day moving average price of $98.21. The company has a market capitalization of $43.26 billion, a PE ratio of 84.99 and a beta of 0.18. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, equities analysts forecast that Crown Castle International Corporation will post $1.15 earnings per share for the current year.

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In related news, Director J Landis Martin bought 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in CCI. Winslow Evans & Crocker Inc. lifted its position in shares of Crown Castle International Corporation by 36.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Crown Castle International Corporation by 261.5% during the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Crown Castle International Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 10 shares in the last quarter. Finally, First Personal Financial Services lifted its position in shares of Crown Castle International Corporation by 1,574.0% during the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 1,574 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

About Crown Castle International Corporation

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Analyst Recommendations for Crown Castle International Corporation (NYSE:CCI)

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