Crown Castle International Corp. (REIT) (CCI) Receives Average Rating of “Buy” from Analysts

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.

Shares of Crown Castle International (CCI) traded down $2.14 during trading on Wednesday, reaching $104.22. 832,757 shares of the company’s stock traded hands, compared to its average volume of 2,809,238. Crown Castle International has a 52 week low of $88.54 and a 52 week high of $114.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 7.13. The stock has a market cap of $43,210.00, a P/E ratio of 103.97, a P/E/G ratio of 1.29 and a beta of 0.26.

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.

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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).

Analyst Recommendations for Crown Castle International (NYSE:CCI)

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