Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have been given a consensus rating of “Buy” by the seventeen ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $112.73.
CCI has been the topic of several research analyst reports. Macquarie reaffirmed a “buy” rating and set a $119.00 price objective on shares of Crown Castle International in a research note on Sunday, October 22nd. KeyCorp reaffirmed a “hold” rating on shares of Crown Castle International in a research note on Tuesday, October 31st. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Crown Castle International in a research note on Friday, January 26th. Deutsche Bank raised their price objective on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CCI. Sigma Planning Corp grew its holdings in shares of Crown Castle International by 10.3% in the 3rd quarter. Sigma Planning Corp now owns 4,994 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 467 shares in the last quarter. Cibc Bank USA grew its holdings in Crown Castle International by 6.2% during the fourth quarter. Cibc Bank USA now owns 8,155 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 478 shares during the period. Bremer Trust National Association grew its holdings in Crown Castle International by 24.3% during the third quarter. Bremer Trust National Association now owns 2,496 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 488 shares during the period. Scotia Capital Inc. grew its holdings in Crown Castle International by 9.6% during the fourth quarter. Scotia Capital Inc. now owns 5,706 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 500 shares during the period. Finally, ETRADE Capital Management LLC grew its holdings in Crown Castle International by 1.3% during the third quarter. ETRADE Capital Management LLC now owns 40,626 shares of the real estate investment trust’s stock worth $4,062,000 after purchasing an additional 505 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Crown Castle International (NYSE:CCI) traded up $1.48 on Wednesday, reaching $109.12. The company’s stock had a trading volume of 2,769,000 shares, compared to its average volume of 2,875,718. 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 company has a market cap of $44,330.00, a price-to-earnings ratio of 108.04, a price-to-earnings-growth ratio of 1.34 and a beta of 0.26. Crown Castle International has a 52-week low of $88.54 and a 52-week high of $114.97.
Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.84). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. equities analysts forecast that Crown Castle International will post 5.25 earnings per share for the current fiscal 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).
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