Crown Castle International Corporation (NYSE:CCI)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a research report issued to clients and investors on Tuesday.

CCI has been the subject of several other reports. Macquarie restated a “buy” rating and issued a $119.00 target price on shares of Crown Castle International Corporation in a report on Sunday, October 22nd. Bank of America Corporation lifted their price target on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Zacks Investment Research downgraded Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Citigroup Inc. lifted their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus target price of $110.04.

Shares of Crown Castle International Corporation (NYSE:CCI) traded down 1.78% during mid-day trading on Tuesday, reaching $105.17. 1,164,777 shares of the company’s stock traded hands. The company has a market capitalization of $42.73 billion, a P/E ratio of 83.93 and a beta of 0.16. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $110.66. The firm has a 50-day moving average price of $102.56 and a 200-day moving average price of $101.00.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Crown Castle International Corporation will post $1.06 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Crown Castle International Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock valued at $2,441,666,000 after acquiring an additional 891,908 shares during the period. BlackRock Inc. grew its position in Crown Castle International Corporation by 4.2% in the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock valued at $2,429,841,000 after acquiring an additional 975,757 shares during the period. Capital World Investors grew its position in Crown Castle International Corporation by 12.6% in the second quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after acquiring an additional 2,584,490 shares during the period. Capital International Investors grew its position in Crown Castle International Corporation by 10.4% in the second quarter. Capital International Investors now owns 8,445,600 shares of the real estate investment trust’s stock valued at $846,080,000 after acquiring an additional 793,400 shares during the period. Finally, Jennison Associates LLC grew its position in Crown Castle International Corporation by 762.8% in the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock valued at $782,016,000 after acquiring an additional 6,901,353 shares during the period. Hedge funds and other institutional investors own 82.82% 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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