Crown Castle International Corporation (NYSE:CCI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Monday.

Other research analysts also recently issued research reports about the stock. Macquarie restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target on shares of Crown Castle International Corporation in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and set a $108.00 price target (up previously from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, April 18th. Finally, Barclays PLC cut their price target on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.95.

Shares of Crown Castle International Corporation (NYSE CCI) traded up 1.51% during mid-day trading on Monday, reaching $102.37. The company had a trading volume of 1,776,502 shares. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The company’s 50-day moving average is $99.94 and its 200 day moving average is $96.10. The stock has a market capitalization of $41.59 billion, a P/E ratio of 81.70 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. Crown Castle International Corporation’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

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In related news, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the transaction, the director now owns 28,953 shares in the company, valued at approximately $2,793,385.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James D. Young sold 24,646 shares of Crown Castle International Corporation stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the completion of the transaction, the chief operating officer now owns 140,006 shares in the company, valued at approximately $13,650,585. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CCI. BB&T Corp increased its position in shares of Crown Castle International Corporation by 188.2% in the first quarter. BB&T Corp now owns 89,579 shares of the real estate investment trust’s stock valued at $8,462,000 after buying an additional 58,501 shares during the period. Congress Asset Management Co. MA increased its position in Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after buying an additional 44,430 shares during the last quarter. Prudential Financial Inc. increased its position in Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares during the last quarter. Norinchukin Bank The increased its position in Crown Castle International Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 84.16% 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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