Crown Castle International Corp (CCI) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 110 from a previous price target of $103 . Stifel advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Crown Castle International Corp. Company shares were Downgraded by Citigroup on Jul 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $94 .Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 99 from a previous price target of $98 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 102 from a previous price target of $100 .
On the company’s financial health, Crown Castle International Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.04. The company had revenue of $934.40 million for the quarter, compared to analysts expectations of $934.83 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
Crown Castle International Corp closed down -1.17 points or -1.17% at $98.49 with 19,72,328 shares getting traded on Wednesday. Post opening the session at $99.68, the shares hit an intraday low of $98.4 and an intraday high of $99.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 6, 2016, Kenneth Jay Simon (SVP and General Counsel) purchased 168 shares at $88.11 per share price. According to the SEC, on Apr 28, 2016, Philip M Kelley (Senior VP, Corp Dev & Strategy) sold 46,951 shares at $87.69 per share price. On Nov 18, 2015, Robert E Ii Garrison (director) sold 2,427 shares at $85.05 per share price, according to the Form-4 filing with the securities and exchange commission.
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).