In today’s session Crown Castle International Corp (CCI) registered an unusually high (91) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CCI increase. With 91 contracts traded and 141874 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CCI170120C00100000 closed last at: $0.25 or 50% down. About 967,237 shares traded hands. Crown Castle International Corp (NYSE:CCI) has risen 0.75% since April 4, 2016 and is uptrending. It has underperformed by 0.34% the S&P500.
Crown Castle International Corp (NYSE:CCI) Ratings Coverage
Out of 11 analysts covering Crown Castle International Corp (NYSE:CCI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $110 is the highest target while $90 is the lowest. The $101 average target is 14.71% above today’s ($88.05) stock price. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The rating was maintained by Cowen & Co on Monday, April 25 with “Outperform”. Suntrust Robinson initiated the stock with “Buy” rating in Thursday, February 25 report. The stock has “Buy” rating given by SunTrust on Tuesday, September 13. On Thursday, February 25 the stock rating was initiated by SunTrust with “Buy”. Citigroup downgraded Crown Castle International Corp (NYSE:CCI) rating on Monday, July 11. Citigroup has “Neutral” rating and $109 price target. The firm earned “Buy” rating on Wednesday, August 26 by Stifel Nicolaus. The company was maintained on Friday, July 22 by Stifel Nicolaus. Evercore downgraded Crown Castle International Corp (NYSE:CCI) on Tuesday, July 21 to “Hold” rating. The stock has “Neutral” rating given by Citigroup on Friday, September 16.
According to Zacks Investment Research, “Crown Castle International Corp. operates as a real estate investment trust. It owns, operates, and leases shared wireless infrastructure primarily in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, small cells. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements. The company offers network services relating to wireless infrastructure, primarily consisting of antenna installations or subsequent augmentations, as well as site development services relating to wireless infrastructure. Crown Castle International Corp. is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.63 in 2016 Q2. Its up 0.12, from 1.51 in 2016Q1. The ratio increased, as 41 funds sold all Crown Castle International Corp shares owned while 159 reduced positions. 90 funds bought stakes while 235 increased positions. They now own 321.34 million shares or 1.05% more from 318.01 million shares in 2016Q1.
Cibc Asset Mngmt has invested 0.04% of its portfolio in Crown Castle International Corp (NYSE:CCI). Old Bank In holds 156,743 shares or 0.9% of its portfolio. Neuberger Berman Group Incorporated Limited Com accumulated 0.25% or 1.76 million shares. Kcm Advsr Limited Liability Com holds 1.04% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 146,626 shares. Credit Agricole S A accumulated 495,913 shares or 0.19% of the stock. Private Wealth Partners Ltd Llc last reported 0.21% of its portfolio in the stock. Oppenheimer Communication has 0.04% invested in the company for 12,563 shares. Seabridge Investment Advsrs Ltd Liability has 32,475 shares for 0.83% of their US portfolio. Andra Ap has 116,400 shares for 0.3% of their US portfolio. Kanaly Communication has 7,095 shares for 0.15% of their US portfolio. Chilton Cap Limited Liability Com has 185,272 shares for 1.82% of their US portfolio. Manufacturers Life The last reported 0.05% of its portfolio in the stock. Davis Selected Advisers holds 142,202 shares or 0.06% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt has invested 0.14% of its portfolio in Crown Castle International Corp (NYSE:CCI). Rafferty Asset Mgmt holds 0.25% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 36,264 shares.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 2 insider sales for $5.00 million net activity. Shares for $4.91M were sold by MORELAND W BENJAMIN. 1,000 shares were sold by MCKENZIE ROBERT F, worth $93,065. $14,789 worth of Crown Castle International Corp (NYSE:CCI) was bought by Simon Kenneth Jay.
Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $29.72 billion. The Firm owns, operates, and leases shared wireless infrastructure, including towers and other structures, such as rooftops and small cell networks supported by fiber. It has a 89.57 P/E ratio. The Firm operates through U.S. activities segment.
CCI Company Profile
Crown Castle International Corp., incorporated on May 27, 2014, is a real estate investment trust (REIT). The Firm owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers) and small cell networks supported by fiber (collectively small cells, and together with towers, wireless infrastructure). The Firm operates through U.S. activities segment. The Firm also offers certain network services relating to its wireless infrastructure, consisting of site development services relating to existing or new tenant equipment installations on its wireless infrastructure, including site acquisition, architectural and engineering, or zoning and permitting (collectively, site development services), and tenant equipment installation or subsequent augmentations (collectively installation services).
More news for Crown Castle International Corp (NYSE:CCI) were recently published by: Marketwatch.com, which released: “Crown Castle to buy FPL FiberNet as part of $1.5 billion deal” on November 01, 2016. Prnewswire.com‘s article titled: “NextEra Energy reaches agreement to sell FiberNet to Crown Castle …” and published on November 01, 2016 is yet another important article.
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