Crown Castle International Corporation (NYSE:CCI) had its price objective raised by equities research analysts at Wells Fargo & Company from $112.50 to $116.00 in a research note issued on Monday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Wells Fargo & Company’s target price points to a potential upside of 10.49% from the company’s previous close.

A number of other research analysts have also weighed in on CCI. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. UBS AG lowered Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. BidaskClub raised Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. CIBC reissued a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. Finally, Macquarie reissued a “buy” rating and issued a $119.00 price objective on shares of Crown Castle International Corporation in a report on Sunday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $110.04.

Shares of Crown Castle International Corporation (CCI) traded down 0.99% during trading on Monday, hitting $103.95. The stock had a trading volume of 1,851,590 shares. The company has a market cap of $42.23 billion, a P/E ratio of 82.96 and a beta of 0.16. The stock has a 50-day moving average price of $102.89 and a 200 day moving average price of $100.47. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts expect that Crown Castle International Corporation will post $1.09 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 dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Fiduciary Trust Co. boosted its position in Crown Castle International Corporation by 0.7% during the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 21 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Crown Castle International Corporation by 0.7% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock worth $764,000 after purchasing an additional 50 shares in the last quarter. Capital Analysts LLC boosted its position in 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. FineMark National Bank & Trust boosted its position in Crown Castle International Corporation by 1.2% during the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 60 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its position in Crown Castle International Corporation by 0.6% during the second quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 63 shares in 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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