Crown Castle International Corporation (NYSE:CCI) had its target price increased by stock analysts at Deutsche Bank AG from $117.00 to $120.00 in a report released on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 9.07% from the company’s current price.

A number of other research firms have also commented on CCI. UBS AG lowered Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Barclays PLC increased their price target on Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Crown Castle International Corporation presently has an average rating of “Buy” and a consensus price target of $110.29.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at $110.02 on Friday. The company has a market capitalization of $44,698.38, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.60 and a beta of 0.20. Crown Castle International Corporation has a 12-month low of $80.82 and a 12-month high of $114.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. equities analysts anticipate that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

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In other news, VP Philip M. Kelley sold 10,551 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the transaction, the vice president now owns 91,808 shares in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC grew its stake in shares of Crown Castle International Corporation by 39.0% during the 3rd quarter. Cetera Advisors LLC now owns 4,085 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 1,147 shares during the period. IFM Investors Pty Ltd bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth $1,135,000. Independent Advisor Alliance bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth $245,000. Fieldpoint Private Securities LLC bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth $137,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Crown Castle International Corporation by 10.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,144 shares of the real estate investment trust’s stock worth $991,000 after acquiring an additional 850 shares during the period. Institutional investors own 83.80% of the company’s stock.

Crown Castle International Corporation Company Profile

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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