Crown Castle International Corporation (CCI) Receives $105.61 Consensus Target Price from Brokerages

Shares of Crown Castle International Corporation (NYSE:CCI) have earned an average recommendation of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $107.05.

Several research analysts have weighed in on the company. Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 target price on the stock in a research report on Wednesday. Bank of America Corporation upped their target price on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Citigroup Inc. upped their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Finally, BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd.

Crown Castle International Corporation (CCI) traded down 0.31% during trading on Friday, hitting $101.84. The stock had a trading volume of 2,093,242 shares. The company has a 50 day moving average of $104.44 and a 200-day moving average of $99.02. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The company has a market cap of $41.37 billion, a P/E ratio of 81.28 and a beta of 0.18.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.05 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Crown Castle International Corporation will post $1.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is 304.00%.

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In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. boosted its stake in Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 278 shares during the period. Capital Analysts LLC boosted its stake in Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares during the period. Parallel Advisors LLC boosted its stake in Crown Castle International Corporation by 261.5% during the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 923 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Crown Castle International Corporation by 0.7% during the 1st 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 purchasing an additional 10 shares during the period. Finally, First Personal Financial Services boosted its stake in Crown Castle International Corporation by 1,574.0% during the 1st quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,574 shares during the period. Hedge funds and other institutional investors own 82.90% 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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