Crown Castle International Corp. (NYSE:CCI) gapped up before the market opened on Friday . The stock had previously closed at $94.43, but opened at $94.75. Crown Castle International Corp. shares last traded at $95.81, with a volume of 1,151,804 shares.

A number of equities research analysts have recently weighed in on CCI shares. Citigroup Inc. downgraded Crown Castle International Corp. from a “buy” rating to a “neutral” rating and boosted their price target for the company from $94.00 to $109.00 in a report on Monday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price target on shares of Crown Castle International Corp. in a report on Friday, July 22nd. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Crown Castle International Corp. in a report on Tuesday, June 7th. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a report on Monday, August 22nd. Finally, Barclays PLC lowered their price target on Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating for the company in a report on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $102.07.

The company has a 50 day moving average price of $96.10 and a 200-day moving average price of $91.71. The stock has a market cap of $32.43 billion and a P/E ratio of 96.74.

Crown Castle International Corp. (NYSE:CCI) last posted its quarterly earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. The firm earned $962.40 million during the quarter, compared to analyst estimates of $948.85 million. On average, analysts forecast that Crown Castle International Corp. will post $4.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.885 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $3.54 annualized dividend and a yield of 3.69%.

A hedge fund recently raised its stake in Crown Castle International Corp. stock. American International Group Inc. boosted its stake in shares of Crown Castle International Corp. (NYSE:CCI) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 172,536 shares of the real estate investment trust’s stock after buying an additional 6,397 shares during the period. American International Group Inc. owned approximately 0.05% of Crown Castle International Corp. worth $14,916,000 at the end of the most recent quarter.

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).

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