Crown Castle International Corporation (CCI) Shares Slide -1.86%

Crown Castle International Corporation (CCI) : During the past 4 weeks, traders have been relatively bearish on Crown Castle International Corporation (CCI), hence the stock is down -7.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.8% relative to the S&P 500. The 4-week change in the price of the stock is -4.1% and the stock has fallen -1.86% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 1.47%. Crown Castle International Corp. is up 12.75% in the last 3-month period. Year-to-Date the stock performance stands at 14.5%.


Crown Castle International Corporation (NYSE:CCI): stock turned positive on Friday. Though the stock opened at $96.65, the bulls momentum made the stock top out at $97.5 level for the day. The stock recorded a low of $96.595 and closed the trading day at $97.03, in the green by 0.48%. The total traded volume for the day was 1,920,843. The stock had closed at $96.57 in the previous days trading.

Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on Crown Castle International Corporation (NYSE:CCI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Jefferies raises the price target from $100 per share to $110 per share. The rating by the firm was issued on July 25, 2016.

Crown 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). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company conducts its operations principally through subsidiaries of (CCOC), including certain subsidiaries, which operate its wireless infrastructure portfolios in the United States, including Puerto Rico (CCUSA).

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