RBC Capital Believes Crown Castle (NYSE: CCI) Won’t Stop Here

By Austin Angelo

In a report released yesterday, Jonathan Atkin from RBC Capital reiterated a Buy rating on Crown Castle (NYSE: CCI), with a price target of $107. The company’s shares closed yesterday at $107.05, close to its 52-week high of $107.89.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 18.8% and a 88.2% success rate. Atkin covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Landmark Infrastructure, and Education Realty Trust.

Currently, the analyst consensus on Crown Castle is Strong Buy and the average price target is $109.29, representing a 2.1% upside.

In a report issued on August 14, Jefferies also reiterated a Buy rating on the stock with a $110 price target.

The company has a one year high of $107.89 and a one year low of $79.38. Currently, Crown Castle has an average volume of 2.97M.

Based on the recent corporate insider activity of 40 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.