In a report released today, Brandon Nispel from KeyBanc maintained a Buy rating on Crown Castle (CCI – Research Report), with a price target of $205.00. The company’s shares closed last Thursday at $168.38.
According to TipRanks.com, Nispel is ranked #629 out of 7905 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crown Castle with a $198.88 average price target, implying a 17.8% upside from current levels. In a report issued on June 22, Credit Suisse also initiated coverage with a Buy rating on the stock with a $215.00 price target.
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The company has a one-year high of $209.87 and a one-year low of $153.70. Currently, Crown Castle has an average volume of 1.68M.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCI in relation to earlier this year.
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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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