A Director at Crown Castle (NYSE: CCI) is Buying SharesBy Carrie Williams
This recent transaction increases Anthony Melone’s holding in the company by 86.06% to a total of $91.4K.
Based on Crown Castle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $992 million and quarterly net profit of $98.37 million. In comparison, last year the company earned revenue of $918 million and had a net profit of $104 million. The company has a one year high of $102.82 and a one year low of $75.71. CCI’s market cap is $27.95B and the company has a P/E ratio of 84.14.
18 different firms, including Burke & Quick and GreenCrest, currently also have a Buy rating on the stock. Starting in July 2016, CCI received 15 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $106.67, reflecting a -22.4% downside.
The insider sentiment on Crown Castle has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Crown Castle International Corp. operates as a Real Estate Investment Trust (REIT), which engages in the provision of shared wireless infrastructure solutions. The company was founded by Ted B. Miller Jr. and Edward C. Hutcheson Jr. in 1994 and is headquartered in Houston, TX.