Is Crown Castle International Corp. (CCI) a Buy? The Stock Formed Descending Triangle Pattern

April 17, 2018 - By Ellis Scott

Crown Castle International Corp. (NYSE:REIT) Logo

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.34, from 1.58 in 2017Q3. It fall, as 43 investors sold Crown Castle International Corp. shares while 214 reduced holdings. 84 funds opened positions while 235 raised stakes. 368.81 million shares or 2.36% less from 377.71 million shares in 2017Q3 were reported.
Mirae Asset Global Invs Co Limited has invested 0.01% in Crown Castle International Corp. (NYSE:REIT). Seabridge Investment Advisors Ltd Liability invested in 33,645 shares. California State Teachers Retirement System owns 671,659 shares. Conning reported 0.03% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Huntington Bancorp has 0.62% invested in Crown Castle International Corp. (NYSE:REIT). Granite Investment Partners Ltd Limited Liability Company stated it has 0.98% of its portfolio in Crown Castle International Corp. (NYSE:REIT). New York-based Mutual Of America Capital Management Limited Liability Corp has invested 0.09% in Crown Castle International Corp. (NYSE:REIT). Davis Selected Advisers has 0.04% invested in Crown Castle International Corp. (NYSE:REIT) for 85,655 shares. Hilton Mgmt Ltd Liability Corp invested in 2.99% or 178,495 shares. Intrust Bancorporation Na has 2,146 shares for 0.07% of their portfolio. Com State Bank owns 13,775 shares. State Of New Jersey Common Pension Fund D accumulated 752,500 shares. Oppenheimer And holds 0.03% or 10,750 shares in its portfolio. Sigma Planning Corp stated it has 5,905 shares. Ntv Asset Mgmt Ltd Liability Company owns 14,282 shares.

Since February 21, 2018, it had 0 insider purchases, and 2 sales for $2.03 million activity. 693 shares were sold by Simon Kenneth Jay, worth $75,391 on Wednesday, February 21.

The stock of Crown Castle International Corp. (CCI) formed a descending triangle with $112.13 target or 6.00 % above today’s $105.78 share price. The 6 months triangle pattern indicates low risk for the $43.88 billion company. If the $112.13 price target is reached, the company will be worth $2.63 billion more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 1.39% or $1.45 during the last trading session, reaching $105.78. About 1.36 million shares traded. Crown Castle International Corp. (NYSE:REIT) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Crown Castle International Corp. (NYSE:REIT) to report earnings on April, 23. They expect $1.26 EPS, up 1.61 % or $0.02 from last year’s $1.24 per share. CCI’s profit will be $522.68M for 20.99 P/E if the $1.26 EPS becomes a reality. After $1.25 actual EPS reported by Crown Castle International Corp. for the previous quarter, Wall Street now forecasts 0.80 % EPS growth.

Crown Castle International Corp. (NYSE:REIT) Ratings Chart

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