Crown Castle International Corporation (NYSE:CCI)‘s stock had its “outperform” rating reiterated by Cowen and Company in a research report issued to clients and investors on Saturday. They presently have a $112.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $105.00. Cowen and Company’s price objective would indicate a potential upside of 11.33% from the company’s previous close.

A number of other research analysts also recently commented on CCI. Deutsche Bank AG raised their target price on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub downgraded shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Citigroup Inc. downgraded shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $107.50.

Crown Castle International Corporation (CCI) traded down 0.98% during midday trading on Friday, reaching $100.60. 2,720,047 shares of the company traded hands. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The company has a 50 day moving average price of $104.44 and a 200-day moving average price of $99.02. The stock has a market capitalization of $40.87 billion, a P/E ratio of 80.29 and a beta of 0.18.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Analysts forecast that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in CCI. Capital Analysts LLC raised its position in Crown Castle International Corporation by 0.7% during the 2nd quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 7 shares during the last quarter. Mirador Capital Partners LP raised its position in Crown Castle International Corporation by 0.3% during the 3rd quarter. Mirador Capital Partners LP now owns 3,046 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Crown Castle International Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 10 shares during the last quarter. CENTRAL TRUST Co raised its position in Crown Castle International Corporation by 1.0% during the 1st quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 17 shares during the last quarter. Finally, Fiduciary Trust Co. raised its position in Crown Castle International Corporation by 0.7% during the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 21 shares during the last quarter. Institutional investors own 82.90% of the company’s stock.

Crown Castle International Corporation Company Profile

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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