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

A number of other research firms have also commented on CCI. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Citigroup Inc. downgraded shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $104.95.

Shares of Crown Castle International Corporation (NYSE CCI) traded up 1.51% during mid-day trading on Monday, hitting $102.37. 1,776,502 shares of the stock traded hands. The company’s 50 day moving average is $99.94 and its 200 day moving average is $96.10. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $104.68. The firm 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 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $1.05 earnings per share. Crown Castle International Corporation’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

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In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total transaction of $144,720.00. Following the sale, the director now owns 28,953 shares in the company, valued at $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in 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 in the last quarter. Capital Analysts LLC increased its stake in 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 in the last quarter. Parallel Advisors LLC increased its stake in 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 in the last quarter. Guardian Life Insurance Co. of America increased its stake in 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 in the last quarter. Finally, First Personal Financial Services increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

About Crown Castle International Corporation

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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