Crown Castle International Corporation (NYSE:CCI)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Tuesday. They presently have a $107.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 0.05% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup Inc. raised their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Barclays PLC reduced their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International Corporation has an average rating of “Buy” and an average price target of $106.05.

Shares of Crown Castle International Corporation (CCI) opened at 107.05 on Tuesday. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $107.89. The stock has a market cap of $43.49 billion, a P/E ratio of 85.43 and a beta of 0.20. The company has a 50 day moving average of $101.21 and a 200 day moving average of $97.11.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion during 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%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Equities research analysts expect that Crown Castle International Corporation will post $1.15 earnings per share for the current fiscal year.

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In related news, Director J Landis Martin acquired 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. boosted its position in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the period. Capital Analysts LLC boosted its position in shares of Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares during the period. Parallel Advisors LLC boosted its position in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the period. Finally, First Personal Financial Services boosted its position in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares during the period. Institutional investors and hedge funds own 82.98% 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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