Short Term Price Target on Crown Castle International Corporation (CCI)

Crown Castle International Corporation (NYSE:CCI) : The most positive equity analysts on Crown Castle International Corporation (NYSE:CCI) expects the shares to touch $103, whereas, the least positive believes that the stock will trade at $89 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $96.36 with an expected fluctuation of $4.78 from the mean.

Shares of Crown Castle International Corp. rose by 5.57% in the last five trading days and 12.77% for the last 4 weeks. Crown Castle International Corp. is up 17.55% in the last 3-month period. Year-to-Date the stock performance stands at 19.69%. Also, Equity analysts at the Brokerage firm Cowen & Company maintains its rating on Crown Castle International Corporation (NYSE:CCI). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Cowen & Company raises the price target from $94 per share to $100 per share. The rating by the firm was issued on April 25, 2016.

Crown Castle International Corporation (NYSE:CCI) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Crown Castle International Corporation (NYSE:CCI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.27 and $99.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.43, notching a gain of 1.10% for the day. The total traded volume was 2,818,337 . The stock had closed at $100.33 on the previous day.

In an insider trading activity, Simon Kenneth Jay, officer (SVP and General Counsel) of Crown Castle International Corp had purchased 168 shares on May 5, 2016 in a transaction. The price per share was $88.11 and the total amount of the disclosed transaction was $14,802.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Crown 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). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company conducts its operations principally through subsidiaries of (CCOC), including certain subsidiaries, which operate its wireless infrastructure portfolios in the United States, including Puerto Rico (CCUSA).

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