Crown Castle International (NYSE:CCI) PT Raised to $209.00

Crown Castle International (NYSE:CCI) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from $195.00 to $209.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 6.16% from the company’s current price.

CCI has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Crown Castle International from $189.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Oppenheimer lifted their price target on Crown Castle International from $170.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, May 3rd. Royal Bank of Canada upped their price objective on Crown Castle International from $176.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. Raymond James reiterated a “market perform” rating on shares of Crown Castle International in a research note on Monday, May 10th. Finally, KeyCorp raised their price target on shares of Crown Castle International from $193.00 to $207.00 and gave the company an “overweight” rating in a report on Friday, April 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $188.86.

Shares of CCI traded down $3.37 during midday trading on Friday, reaching $196.87. 3,082 shares of the stock were exchanged, compared to its average volume of 2,041,458. The company has a market capitalization of $85.09 billion, a P/E ratio of 89.39, a P/E/G ratio of 1.45 and a beta of 0.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.61 and a quick ratio of 0.61. Crown Castle International has a 52 week low of $146.15 and a 52 week high of $200.47. The firm has a 50 day moving average price of $184.78.

Crown Castle International (NYSE:CCI) last released its quarterly earnings data on Tuesday, April 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.25). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Crown Castle International had a return on equity of 10.52% and a net margin of 16.80%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Analysts forecast that Crown Castle International will post 6.5 earnings per share for the current fiscal year.

In related news, Director Kevin A. Stephens bought 310 shares of the stock in a transaction dated Friday, May 14th. The shares were purchased at an average price of $181.53 per share, for a total transaction of $56,274.30. Following the completion of the purchase, the director now directly owns 5,487 shares of the company’s stock, valued at $996,055.11. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Sean Collins sold 700 shares of the firm’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $188.67, for a total value of $132,069.00. Following the sale, the vice president now directly owns 6,299 shares in the company, valued at $1,188,432.33. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vantage Consulting Group Inc purchased a new stake in shares of Crown Castle International during the 4th quarter worth about $27,000. Curi Capital purchased a new position in Crown Castle International during the fourth quarter worth approximately $27,000. TCI Wealth Advisors Inc. grew its holdings in Crown Castle International by 55.1% in the first quarter. TCI Wealth Advisors Inc. now owns 183 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Alpha DNA Investment Management LLC acquired a new position in shares of Crown Castle International during the 4th quarter worth approximately $29,000. Finally, Vectors Research Management LLC acquired a new stake in Crown Castle International in the 4th quarter valued at $30,000. 90.36% of the stock is owned by hedge funds and other institutional investors.

About Crown Castle International

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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