Crown Castle International Corporation (CCI) has been under a strong bear grip, hence the stock is down -4.57% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.26% in the past 1 week. The stock has risen by 0.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.59% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.83% and the 50-Day Moving Average is 0.47%. Crown Castle International Corporation (NYSE:CCI): stock turned positive on Friday. Though the stock opened at $96.33, the bulls momentum made the stock top out at $96.9896 level for the day. The stock recorded a low of $96.18 and closed the trading day at $96.52, in the green by 0.26%. The total traded volume for the day was 1,118,187. The stock had closed at $96.27 in the previous days trading.
The company Insiders own 0.73% of Crown Castle International Corporation shares according to the proxy statements. Institutional Investors own 95.96% of Crown Castle International Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -33.07%. Also, Major Brokerage house, Jefferies maintains its ratings on Crown Castle International Corporation (NYSE:CCI). In the latest research report, Jefferies raises the target price from $100 per share to $110 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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).