Citigroup Maintains Crown Castle International Corp to Neutral with Price Target $100.00

Brokerage firm Citigroup Maintains its rating on Crown Castle International Corp(NYSE:CCI). In a research note issued to the investors, the brokerage major Lowers the price-target to $100.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 16, 2016.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on Crown Castle International Corp, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Buy’ by the firm. On Sep 6, 2016, Oppenheimer said it Upgrades its rating on Crown Castle International Corp. The shares have been rated ‘Outperform’ by the firm. On Jul 25, 2016, Jefferies said it Maintains its rating on Crown Castle International Corp. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, BTIG Research said it Downgrades its rating on Crown Castle International Corp. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on Crown Castle International Corp. In the research note, the firm Raises the price-target to $94.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Citigroup said it Downgrades its rating on Crown Castle International Corp. In the research note, the firm Raises the price-target to $94.00 per share. The shares have been rated ‘Neutral’ by the firm.

Crown Castle International Corp (CCI) made into the market gainers list on Thursdays trading session with the shares advancing 1.49% or 1.39 points. Due to strong positive momentum, the stock ended at $94.83, which is also near the day’s high of $95.3. The stock began the session at $93.98 and the volume stood at 39,64,659 shares. The 52-week high of the shares is $102.82 and the 52 week low is $75.714. The company has a current market capitalization of $32,011 M and it has 33,75,63,470 shares in outstanding.

Crown Castle International Corp(CCI) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $962.41M. Analysts had an estimated revenue of $948.88M. Earnings per share were $1.16. Analysts had estimated an EPS of $1.16.

Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Robert F Mckenzie (director) sold 1,000 shares at $93.07 per share price.Also, On Sep 7, 2016, W Benjamin Moreland (Executive Vice Chairman) sold 50,000 shares at $98.23 per share price.On May 6, 2016, Kenneth Jay Simon (SVP and General Counsel) purchased 168 shares at $88.11 per share price, according to the Form-4 filing with the securities and exchange commission.

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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