Analyst Estimates

Analysts Watch on Price Target Estimates: Crown Castle International Corp. (REIT) (NYSE:CCI)

Crown Castle International Corp. (REIT) (NYSE:CCI) plunged -0.28% during previous trade, a total of 1.98M shares exchanged hands compared with its average trading volume of 2.22M shares whereas its relative volume is 0.96. The stock has a market capitalization of $34.98B along with 361.36M outstanding shares. Stock’s intraday price range hit the peak level of $97.30 and touched the lowest level of $96.28.

Most recently Crown Castle International Corp. (REIT) (NYSE:CCI)’s price target was revised on 04/17/17 and according to 18 analysts stock’s price will reach at $104.61 during 52 weeks with standard deviation of 5.56. Stock’s minimum price target estimates has been figured out at $91 while the maximum price target forecast is established at $110, if we look at the price target with an optimistic approach it has upside potential of 14% from its latest closing price of $96.52.

Historically, if we look at price target revisions, two weeks ago Crown Castle International Corp. (REIT) (NYSE:CCI)’s price target was revised on 02/06/17 by the analysts, however the bullish price estimates of the stock set at $110 while the bearish estimates kept at $95 over the next one year. Stock’s 52-week target was retained at $104.38, the estimates indicates a standard deviation of 4.43.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.54. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 8 rate Crown Castle International Corp. (REIT) (NYSE:CCI) stock a Strong Buy, 3 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/11/17 the stock of Crown Castle International Corp. (REIT) (NYSE:CCI) upgraded by Guggenheim from Neutral to Buy. However previously on 3/8/17 it was upgraded by Wells Fargo from Market Perform to Outperform. A research note issued on 7/11/16 the stock was downgraded by Citigroup from Buy to Neutral.

Crown Castle International Corp. (REIT) (NYSE:CCI) performance over the past one year soared 14.12% whereas its year to date (YTD) performance indicated a bullish trend of 12.43%. During the last six months the stock climbed 7.21%. Quarterly performance of the company shows optimistic momentum of 11.87% while its last one month trend is positive with 6.19%. Stock’s weekly performance expressed up trend of 0.73%.

The company’s price sits 5.50% above from its 50-day moving average of $92.99 and 7.62% far from the stock’s 200-day moving average which is $89.05. Crown Castle International Corp. (REIT) (NYSE:CCI)’s shares are currently trading -3.15% away from the 52-week high price of $99.66 and +24.24% far from the 52-week low price of $77.69.

According to consensus agreement of 17 analysts Crown Castle International Corp. (REIT) (NYSE:CCI) will report earnings per share of $0.28 in their quarterly report and it is expected to announce the company’s results on 4/24/17 After Market Close. For the current quarter the company has high EPS estimates of $0.3 in contradiction of low EPS estimates of $0.26. However a year ago for the same quarter the company has reported $0.11 EPS. Current year EPS projections for Crown Castle International Corp. (REIT) (NYSE:CCI) set at $1.14 according to the sentiments of 19 analysts, while its lowest earnings estimates are $1.06 and highest earnings estimates are $1.29.

According to 17 analysts, Crown Castle International Corp. (REIT) (NYSE:CCI)’s revenue estimates for the current quarter are $1.01B meanwhile the company has high revenue estimates of $1.03B in contradiction of low revenue estimates of $985M. For the current year the company’s revenue estimates are $4.14B compared to low analyst estimates of $4.07B and high estimates of $4.2B according to the projection of 22 analysts.

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