The stock of Crown Castle International Corp. (REIT) (NYSE:CCI) has been Reiterated to Buy by BofA/Merrill in its latest research note that was published on August 14. CCI has given a price target of $151 by BofA/Merrill, with other Wall Street analysts also giving their reports regarding the stock. JP Morgan analysts bumped their recommendation on CCI stock from Neutral to Overweight in a separate flash note to investors on August 01. Analysts at Guggenheim downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to April 12.
Crown Castle International Corp. (REIT), which has current market capitalization of above $58 Billion, published its last quarter earnings on June 30, 2019.
CCI surged by $1.33 during the normal trading session on Thursday and reaching a high of $139.99 during the day while it closed the day at $138.81. The Crown stock had a low trading volume of 1.69 million shares on that day, which is low compared to the average daily volume of 1.80M shares. CCI has also lost 5.62% of its value over the past 7 days. However, the stock has surged by 4.72% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.93% while it has added 27.78% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.13% from its 3 months high price. However, taking another look at CCI will indicate that it is trading +12.06% away from its 90-day low. Looking at the bigger picture, the Crown Castle International Corp. (REIT) stock has dropped by -7.13% from its 52-week high while it has surged by +34.49% from its 52-week low price.
On August 16, 2019 Collins Robert Sean, Vice President and Controller sold 1000 shares of the company. The average price for that transaction was $143.34 per share, which meant that Collins Robert Sean earned $143340 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, MARTIN J LANDIS purchasing 16300 shares of this stock on July 23, 2019. The average purchasing price for the stock was $127.33 per share, with the purchased stock accruing $2075479. Following this transaction, the Director MARTIN J LANDIS now holds 7000 shares of the company, which is worth around $970620.
Crown has around 424 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The Crown stock is bringing in revenue of over 12 months, which is roughly 503 Billion. Despite all that, Crown Castle International Corp. (REIT) is seeing things progressing very much as their y-o-y quarterly revenue surged by 10.79%.
Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 58.36%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 14.17%. Over the past 20 days, Crown’s Stochastic %K stood at 10.12% while its Stochastic %D was revealed to be 24.11%.