Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have earned a consensus recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $112.73.
Several brokerages have issued reports on CCI. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Crown Castle International in a research report on Friday, January 26th. Deutsche Bank reissued a “buy” rating and set a $120.00 price objective on shares of Crown Castle International in a research report on Monday, January 22nd. KeyCorp reissued a “hold” rating on shares of Crown Castle International in a research report on Tuesday, October 31st. Finally, Macquarie reissued a “buy” rating and set a $119.00 price objective on shares of Crown Castle International in a research report on Sunday, October 22nd.
Several hedge funds have recently added to or reduced their stakes in CCI. Legacy Advisors LLC acquired a new stake in shares of Crown Castle International in the 3rd quarter worth $100,000. Spectrum Management Group Inc. acquired a new stake in shares of Crown Castle International in the 3rd quarter worth $124,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Crown Castle International in the 4th quarter worth $124,000. Icon Wealth Partners LLC acquired a new stake in shares of Crown Castle International in the 4th quarter worth $126,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Crown Castle International by 1,463.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 1,083 shares during the period. Institutional investors own 93.47% of the company’s stock.
Crown Castle International (NYSE:CCI) last issued its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.84). Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. sell-side analysts anticipate that Crown Castle International will post 5.25 earnings per share for the current year.
WARNING: “Crown Castle International Corp. (REIT) (CCI) Receives Average Rating of “Buy” from Analysts” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/crown-castle-international-corp-reit-cci-receives-average-rating-of-buy-from-analysts.html.
About Crown Castle International
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).
Receive News & Ratings for Crown Castle International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International and related companies with MarketBeat.com's FREE daily email newsletter.