Crown Castle International Corporation (NYSE:CCI) : 11 investment research analysts covering Crown Castle International Corporation (NYSE:CCI) have an average price target of $95.55 for the near short term. The highest target price given by the Brokerage Firm to the stock is $102 and the lowest target is $89 for the short term. Analysts expect the variance to be within $4.27 of the average price.
Other Equity analysts have also commented on the company shares. Cowen & Company maintains their rating on the shares of Crown Castle International Corporation (NYSE:CCI). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $100 per share from $94 per share. The rating by the firm was issued on April 25, 2016.
Crown Castle International Corporation (NYSE:CCI): stock turned positive on Thursday. Though the stock opened at $95.86, the bulls momentum made the stock top out at $96.41 level for the day. The stock recorded a low of $95.53 and closed the trading day at $96.08, in the green by 0.88%. The total traded volume for the day was 2,080,374. The stock had closed at $95.24 in the previous days trading.
The company shares have rallied 16.26% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $95.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $91.75 and the 200 Day Moving Average price is recorded at $87.16. On the companys insider trading activities, Simon Kenneth Jay, officer (SVP and General Counsel) of Crown Castle International Corp, executed a transaction worth $14,802 on May 5, 2016. A total of 168 shares were purchased at an average price of $88.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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).