KeyBanc Sticks to Their Buy Rating for Crown Castle (CCI)

In a report released today, Brandon Nispel from KeyBanc maintained a Buy rating on Crown Castle (CCIResearch Report), with a price target of $177.00. The company’s shares closed last Friday at $144.55.

Nispel covers the Technology sector, focusing on stocks such as Apple, Cogent Comms, and T Mobile US. According to TipRanks, Nispel has an average return of 8.3% and a 53.60% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crown Castle with a $192.18 average price target.

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Based on Crown Castle’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.73 billion and a net profit of $421 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $334 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Texas-based Crown Castle International Corp., a real estate investment trust company, was founded in 1994. It provides shared communications infrastructure in the United States and connects cities and communities to essential data, technology and wireless service. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting small cells and fiber solutions.

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