A Reversal for Crown Castle International Corp Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Crown Castle International Corp Is Not Near. Professional Options Traders Are Bullish

In today’s session Crown Castle International Corp (CCI) registered an unusually high (80) 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 80 contracts traded and 9974 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CCI170120C00087500 closed last at: $1.2 or 0% . About 422,478 shares traded hands. Crown Castle International Corp (NYSE:CCI) has declined 3.67% since April 26, 2016 and is downtrending. It has underperformed by 8.93% the S&P500.

Analysts await Crown Castle International Corp (NYSE:CCI) to report earnings on January, 25. They expect $1.12 EPS, up 0.90% or $0.01 from last year’s $1.11 per share. CCI’s profit will be $403.82M for 18.81 P/E if the $1.12 EPS becomes a reality. After $1.09 actual EPS reported by Crown Castle International Corp for the previous quarter, Wall Street now forecasts 2.75% EPS growth.

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. Crown Castle International Corp has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. SunTrust initiated the stock with “Buy” rating in Tuesday, September 13 report. Citigroup upgraded Crown Castle International Corp (NYSE:CCI) on Wednesday, July 22 to “Buy” rating. The firm earned “Neutral” rating on Monday, July 11 by Citigroup. The stock has “Buy” rating given by SunTrust on Thursday, February 25. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 26. The firm has “Neutral” rating by Citigroup given on Friday, September 16. The rating was maintained by Cowen & Co with “Outperform” on Monday, April 25. As per Tuesday, July 19, the company rating was downgraded by BTIG Research. The firm has “Hold” rating given on Tuesday, July 21 by Evercore. Stifel Nicolaus maintained Crown Castle International Corp (NYSE:CCI) on Friday, October 23 with “Buy” rating.

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 decreased to 1.12 in Q2 2016. Its down 0.51, from 1.63 in 2016Q1. The ratio is negative, 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.
Profund Advsr Limited Co has invested 0.12% of its portfolio in Crown Castle International Corp (NYSE:CCI). Old Mutual Customised Solutions (Proprietary) has invested 0.16% of its portfolio in Crown Castle International Corp (NYSE:CCI). Chilton Cap Mgmt Ltd accumulated 1.82% or 185,272 shares. Pension has 214,956 shares for 0.19% of their US portfolio. Brown Brothers Harriman last reported 26,137 shares in the company. The Iowa-based Cambridge Investment has invested 0.01% in Crown Castle International Corp (NYSE:CCI). Aberdeen Asset Public Limited Co Uk accumulated 77,568 shares or 0.03% of the stock. Louisiana State Employees Retirement has 22,100 shares for 0.12% of their US portfolio. Edgemoor Advisors last reported 0.81% of its portfolio in the stock. Reaves W H reported 680,021 shares or 2.4% of all its holdings. Piedmont Limited Liability owns 76,288 shares or 0% of their US portfolio. Curbstone Mngmt accumulated 0.16% or 4,730 shares. Citadel Advsrs Llc has invested 0.22% of its portfolio in Crown Castle International Corp (NYSE:CCI). Kistler holds 0.05% of its portfolio in Crown Castle International Corp (NYSE:CCI) for 865 shares. Spears Abacus Limited Liability Company owns 11,725 shares or 0.15% of their US portfolio.

Insider Transactions: Since September 7, 2016, the stock had 3 buys, and 2 sales for $4.45 million net activity. The insider MCKENZIE ROBERT F sold 1,000 shares worth $93,065. 1,248 shares were bought by Simon Kenneth Jay, worth $100,074. Melone Anthony J. had bought 2,500 shares worth $204,605 on Monday, November 14. Another trade for 50,000 shares valued at $4.91M was sold by MORELAND W BENJAMIN. 3,140 shares with value of $250,384 were bought by SCHLANGER DANIEL K on Monday, November 14.

Crown Castle International Corp. is a real estate investment trust. The company has a market cap of $30.38 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 85.72 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 important recent Crown Castle International Corp (NYSE:CCI) news were published by: Forbes.com which released: “RSI Alert: Crown Castle International Now Oversold” on November 09, 2016, also Prnewswire.com published article titled: “NextEra Energy reaches agreement to sell FiberNet to Crown Castle …”, Bizjournals.com published: “Houston wireless co. to acquire fiber services provider for $1.5B” on November 01, 2016. More interesting news about Crown Castle International Corp (NYSE:CCI) was released by: Prnewswire.com and their article: “Communication Services Stocks Under Scanner — Level 3 Communications, Crown …” with publication date: November 28, 2016.

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