Crown Castle International Corp. (NYSE:CCI) Receives Average “Buy” Rating from Analysts

Crown Castle International Corp. (NYSE:CCI – Get Rating) received a consensus “Buy” recommendation from the fourteen brokerages that currently cover the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that updated their coverage on the stock in the last year is $205.62.

A number of stock analysts have commented on CCI’s shares. Deutsche Bank Aktiengesellschaft cut its price target on Crown Castle International shares from $209.00 to $204.00 and set a “buy” rating on the stock in a Thursday, February 3, report. KeyCorp raised its price target on Crown Castle International from $202.00 to $219.00 and gave the company an “overweight” rating in a Friday, April 22 report. Citigroup raised its target price on Crown Castle International from $200.00 to $204.00 in a Thursday, January 27 report. Credit Suisse Group raised its price target on Crown Castle International from $204.00 to $215.00 and gave the stock an “outperform” rating in a Friday, April 22 research report. Finally, StockNews.com began covering Crown Castle International in a research report on Thursday, March 31. They set a “buy” rating for the company.

CCI stock opened at $176.49 on Friday. The company has a market capitalization of $76.43 billion, a P/E ratio of 52.53 and a beta of 0.53. Crown Castle International has a 52 week minimum of $157.16 and a 52 week maximum of $209.87. The company’s 50-day moving average price is $183.67 and its 200-day moving average price is $183.91. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt ratio of 2.62.

Crown Castle International (NYSE:CCI – Get Rating) last released its quarterly earnings data on Wednesday, April 20. The real estate investment trust reported earnings per share of $0.97 for the quarter, beating consensus analyst estimates of $0.94 by $0.03. The company posted revenue of $1.74 billion in the quarter, compared to analysts’ estimates of $1.70 billion. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The company’s revenue increased 17.3% year over year. In the same quarter a year earlier, the company posted earnings of $1.71 per share. On average, equity research analysts expect Crown Castle International to post earnings per share of 7.06 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $1.47. This represents a dividend of $5.88 on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, June 14. Crown Castle International’s dividend payout ratio (DPR) is 175.00%.

In other news, COO Christopher Levendos sold 11,000 shares of the company in a deal that took place on Monday, April 25. The shares were sold at an average price of $192.79, for a total value of $2,120,690.00. Following completion of the transaction, the COO now owns 11,717 shares of the company, valued at $2,258,920.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, Vice Chairman Robert Sean Collins sold 1,000 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $185.44, for a total transaction of $185,440.00. Following the completion of the transaction, the vice president now owns 10,082 shares of the company, valued at approximately $1,869,606.08. The disclosure of this sale can be found here. In the past three months, insiders have sold 19,500 shares of the company worth $3,702,255. Insiders own 0.47% of the shares of the company.

Several institutional investors have recently increased or reduced their stake in CCI. North Star Investment Management Corp. acquired a new position in shares of Crown Castle International in the first quarter worth approximately $25,000. Ten Capital Wealth Advisors LLC increased its holdings of Crown Castle International shares by 1,007.1% in the third quarter. Ten Capital Wealth Advisors LLC now owns 155 shares of the real estate investment trust worth $27,000 after purchasing an additional 141 shares during the period. Rational Advisors LLC increased its stake in Crown Castle International by 139.6% during the fourth quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust worth $27,000 after buying 74 additional shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in Crown Castle International in the fourth quarter valued at $28,000. Finally, IAG Wealth Partners LLC increased its stake in Crown Castle International by 277.8% in the fourth quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust worth $28,000 after acquiring 100 additional shares in the last quarter. Institutional investors hold 91.28% of the company’s shares.

About Crown Castle International (Get a rating)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 miles of fiber route supporting small cell and fiber solutions in all major US markets. This national communications infrastructure portfolio connects cities and communities to essential wireless data, technology and services – bringing information, ideas and innovation to the people and businesses that need it.

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Analyst Recommendations for Crown Castle International (NYSE: CCI)

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