Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have been given a consensus rating of “Buy” by the seventeen research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $112.73.
A number of equities research analysts have recently issued reports on CCI shares. Macquarie reaffirmed a “buy” rating and set a $119.00 target price on shares of Crown Castle International in a research report on Sunday, October 22nd. KeyCorp reiterated a “hold” rating on shares of Crown Castle International in a report on Tuesday, October 31st. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Crown Castle International in a report on Friday, January 26th. Deutsche Bank lifted their price target on Crown Castle International from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th.
Shares of Crown Castle International (NYSE CCI) traded up $1.48 during trading on Wednesday, hitting $109.12. The stock had a trading volume of 2,769,000 shares, compared to its average volume of 2,875,718. The firm has a market capitalization of $44,330.00, a price-to-earnings ratio of 108.04, a PEG ratio of 1.34 and a beta of 0.26. The company has a quick ratio of 7.13, a current ratio of 0.88 and a debt-to-equity ratio of 1.30. Crown Castle International has a 12 month low of $88.54 and a 12 month high of $114.97.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CCI. Legacy Advisors LLC acquired a new position in Crown Castle International in the 3rd quarter valued at approximately $100,000. Avestar Capital LLC acquired a new position in Crown Castle International in the 4th quarter valued at approximately $112,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Crown Castle International in the 4th quarter valued at approximately $124,000. Icon Wealth Partners LLC acquired a new position in Crown Castle International in the 4th quarter valued at approximately $126,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in 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 valued at $128,000 after acquiring an additional 1,083 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.
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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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