Brokerage Firm Rating Update on Crown Castle International Corporation (CCI)

Crown Castle International Corporation (CCI) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Crown Castle International Corporation (CCI) : Currently there are 9 street experts covering Crown Castle International Corporation (CCI) stock. The most bullish and bearish price target for the stock is $110 and $99 respectively for the short term. The average price target of all the analysts comes to $104.56. The estimated standard deviation from the target is $4.


For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains their rating on the shares of Crown Castle International Corporation (NYSE:CCI). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $110 per share from $100 per share. The rating by the firm was issued on July 25, 2016.

Crown Castle International Corporation (NYSE:CCI): The stock opened at $97.75 and touched an intraday high of $99 on Wednesday. During the day, the stock corrected to an intraday low of $97.6, however, the bulls stepped in and pushed the price higher to close in the green at $98.85 with a gain of 0.84% for the day. The total traded volume for the day was 6,552,085. The stock had closed at $98.03 in the previous trading session.

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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