Revenue Update on Crown Castle International Corp(NYSE:CCI)

Crown Castle International Corp(NYSE:CCI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $962.41M. Analysts estimated a revenue of $948.88M. Earnings per share were $1.16. Analysts had estimated an EPS of $1.16.

In a different note, 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. On Apr 25, 2016, Cowen & Company 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 ‘Outperform’ by the firm.

Crown Castle International Corp (CCI) shares turned negative on Wednesdays trading session with the shares closing down -1.17 points or -1.17% at a volume of 19,72,328. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $99.78. The peak price level was also seen at $99.78 while the days lowest was $98.4. Finally the shares closed at $98.49. The 52-week high of the shares is $102.82 while the 52-week low is $75.714. According to the latest information available, the market cap of the company is $33,246 M.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Kenneth Jay Simon (SVP and General Counsel) purchased 168 shares at $88.11 per share price.Also, On Apr 28, 2016, Philip M Kelley (Senior VP, Corp Dev & Strategy) sold 46,951 shares at $87.69 per share price.On Nov 18, 2015, Robert E Ii Garrison (director) sold 2,427 shares at $85.05 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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