The stock of Crown Castle International Corp (NYSE:CCI) is a huge mover today! Crown Castle International Corp (NYSE:CCI) has risen 3.77% since March 8, 2016 and is uptrending. It has underperformed by 5.55% the S&P500.
The move comes after 8 months positive chart setup for the $29.81B company. It was reported on Oct, 11 by Barchart.com. We have $128.92 PT which if reached, will make NYSE:CCI worth $13.71 billion more.
Analysts await Crown Castle International Corp (NYSE:CCI) to report earnings on October, 19. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. CCI’s profit will be $378.11M for 19.71 P/E if the $1.12 EPS becomes a reality. After $1.16 actual earnings per share reported by Crown Castle International Corp for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.
Crown Castle International Corp (NYSE:CCI) Ratings Coverage
Out of 11 analysts covering Crown Castle International Corp (NYSE:CCI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Cowen & Co given on Monday, April 25. The company was downgraded on Monday, July 11 by Citigroup. On Tuesday, July 19 the stock rating was downgraded by BTIG Research to “Neutral”. On Tuesday, July 21 the stock rating was downgraded by Evercore to “Hold”. The stock has “Buy” rating given by SunTrust on Tuesday, September 13. The rating was maintained by Citigroup on Friday, September 16 with “Neutral”. The firm earned “Buy” rating on Thursday, February 25 by Suntrust Robinson. The stock has “Buy” rating given by Stifel Nicolaus on Friday, July 22. The firm earned “Buy” rating on Wednesday, August 26 by Stifel Nicolaus. The rating was upgraded by Citigroup to “Buy” on Wednesday, July 22.
According to Zacks Investment Research, “Crown Castle International Corp. operates as a real estate investment trust. It owns, operates, and leases shared wireless infrastructure primarily in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, small cells. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements. The company offers network services relating to wireless infrastructure, primarily consisting of antenna installations or subsequent augmentations, as well as site development services relating to wireless infrastructure. Crown Castle International Corp. is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.12, from 1.51 in 2016Q1. The ratio improved, as 41 funds sold all Crown Castle International Corp shares owned while 159 reduced positions. 90 funds bought stakes while 235 increased positions. They now own 321.34 million shares or 1.05% more from 318.01 million shares in 2016Q1.
Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 0.05% or 26,975 shares. Tarbox Gru Incorporated Inc accumulated 184 shares or 0.01% of the stock. Trustmark National Bank & Trust Tru Department, a Mississippi-based fund reported 12,313 shares. Westport Res Mngmt accumulated 0.12% or 3,634 shares. Ls Advsrs Ltd Llc last reported 0.15% of its portfolio in the stock. Barrett Asset Ltd Com holds 1,500 shares or 0.01% of its portfolio. Moreover, Baring Asset Limited has 0.13% invested in Crown Castle International Corp (NYSE:CCI) for 16,061 shares. Sumitomo Mitsui Asset Management holds 25,936 shares or 0.08% of its portfolio. California State Teachers Retirement Sys holds 714,502 shares or 0.16% of its portfolio. Provise Management Limited Com holds 6,100 shares or 0.11% of its portfolio. Century holds 0.07% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 596,951 shares. Glob X Mngmt Ltd Llc holds 0.1% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 19,914 shares. Dynamic Advisors Solutions Limited Liability Company has 20,420 shares for 0.84% of their US portfolio. Pictet Asset Mgmt, a United Kingdom-based fund reported 336,060 shares. Highbridge Cap Mngmt Limited Liability accumulated 88,999 shares or 0.15% of the stock.
Insider Transactions: Since April 27, 2016, the stock had 1 buy, and 3 sales for $9.11 million net activity. $4.91 million worth of Crown Castle International Corp (NYSE:CCI) shares were sold by MORELAND W BENJAMIN. Simon Kenneth Jay bought $14,789 worth of stock or 168 shares. Kelley Philip M sold $4.12M worth of Crown Castle International Corp (NYSE:CCI) on Wednesday, April 27. Shares for $93,065 were sold by MCKENZIE ROBERT F on Monday, September 12.
More recent Crown Castle International Corp (NYSE:CCI) news were published by: Nasdaq.com which released: “Crown Castle International (CCI) Shares Cross 4% Yield Mark” on October 05, 2016. Also Forbes.com published the news titled: “Ex-Div Reminder: Hanover Insurance Group, Crown Castle International and …” on September 12, 2016. Nasdaq.com‘s news article titled: “Crown Castle International Corp’s 4.50% Mandatory Convertible Preferred Stock …” with publication date: October 10, 2016 was also an interesting one.
CCI Company Profile
Crown Castle International Corp., incorporated on May 27, 2014, is a real estate investment trust (REIT). The Firm owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers) and small cell networks supported by fiber (collectively small cells, and together with towers, wireless infrastructure). The Firm operates through U.S. activities segment. The Firm also offers certain network services relating to its wireless infrastructure, consisting of site development services relating to existing or new tenant equipment installations on its wireless infrastructure, including site acquisition, architectural and engineering, or zoning and permitting (collectively, site development services), and tenant equipment installation or subsequent augmentations (collectively installation services).
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