KeyBanc Reaffirms Its Hold Rating on Crown Castle (NYSE:CCI) Shares Today

January 23, 2018 - By Hazel Jackson

 KeyBanc Reaffirms Its Hold Rating on Crown Castle (NYSE:CCI) Shares Today

Crown Castle (NYSE:CCI) Rating Reaffirmed

The rating of Crown Castle (NYSE:CCI) shares were restate by stock analysts at KeyBanc. This was revealed to clients and investors in a report on 31 October.

Crown Castle International Corp. (NYSE:REIT) Ratings Coverage

Among 20 analysts covering Crown Castle International Corp (NYSE:CCI), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Crown Castle International Corp has $125.0 highest and $90 lowest target. $111.19’s average target is 0.78% above currents $110.33 stock price. Crown Castle International Corp had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, April 25 by Cowen & Co. The stock of Crown Castle International Corp. (NYSE:REIT) has “Buy” rating given on Thursday, February 25 by SunTrust. The rating was maintained by SunTrust with “Buy” on Wednesday, December 6. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 23. The firm has “Hold” rating given on Tuesday, October 31 by KeyBanc Capital Markets. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. As per Monday, July 10, the company rating was maintained by Jefferies. The stock has “Buy” rating by Cowen & Co on Friday, September 22. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, October 20 report.

The stock increased 1.87% or $2.03 during the last trading session, reaching $110.33. About 2.97M shares traded or 41.15% up from the average. Crown Castle International Corp. (NYSE:CCI) has risen 11.07% since January 23, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Analysts await Crown Castle International Corp. (NYSE:REIT) to report earnings on January, 24. They expect $1.01 EPS, down 12.17 % or $0.14 from last year’s $1.15 per share. CCI’s profit will be $410.33M for 27.31 P/E if the $1.01 EPS becomes a reality. After $1.15 actual EPS reported by Crown Castle International Corp. for the previous quarter, Wall Street now forecasts -12.17 % negative EPS growth.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company has market cap of $44.82 billion. The firm provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network . It has a 92.64 P/E ratio. 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.

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