Crown Castle International Corporation (CCI) : 13 analysts are covering Crown Castle International Corporation (CCI) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Crown Castle International Corporation (CCI) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Crown Castle International Corporation (CCI) : The most positive equity analysts on Crown Castle International Corporation (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.
Crown Castle International Corporation (NYSE:CCI): The stock opened at $102.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $102.82 for the day. The stock traded down to $101.23 during the day, due to lack of any buying support eventually closed down at $101.92 with a loss of -0.62% for the day. The stock had closed at $102.56 on the previous day. The total traded volume was 2,439,552 shares.
Also, Equity Analysts at the Brokerage Firm, Cowen & Company, maintains their rating on the shares of Crown Castle International Corporation (NYSE:CCI). Cowen & Company has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $100 per share from a prior target of $94. The rating by the firm was issued on April 25, 2016. The company shares have rallied 27.37% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $102.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $94.13 and the 200 Day Moving Average price is recorded at $88.00.
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).