Time to Reconsider Crown Castle International Corp. (CCI) After Making Record High?

Crown Castle International Corp. (NYSE:REIT) Logo

Investors sentiment increased to 1.37 in 2019 Q1. Its up 0.11, from 1.26 in 2018Q4. It is positive, as 30 investors sold Crown Castle International Corp. shares while 219 reduced holdings. 102 funds opened positions while 238 raised stakes. 373.08 million shares or 1.75% less from 379.71 million shares in 2018Q4 were reported.
Argent Trust has 0.21% invested in Crown Castle International Corp. (NYSE:REIT) for 15,995 shares. Allsquare Wealth Mgmt Ltd Co owns 170 shares for 0.02% of their portfolio. Korea Inv Corp owns 519,466 shares for 0.3% of their portfolio. Court Place Advsrs Ltd owns 3,361 shares for 0.17% of their portfolio. Advisory Service Lc, a Georgia-based fund reported 4,510 shares. Winfield accumulated 19,962 shares. Axa has invested 0.03% in Crown Castle International Corp. (NYSE:REIT). Commonwealth Bancorporation Of Aus has 2.17M shares. Sun Life Finance, a Ontario – Canada-based fund reported 708 shares. Eventide Asset Mngmt Ltd Limited Liability Company reported 300,000 shares. Texas Permanent School Fund has invested 0.16% in Crown Castle International Corp. (NYSE:REIT). Eaton Vance Management has invested 0.09% in Crown Castle International Corp. (NYSE:REIT). Amalgamated Bank stated it has 60,040 shares. Sumitomo Mitsui Asset Mngmt invested in 30,983 shares or 0.07% of the stock. Yorktown Mngmt & Company has invested 0.07% in Crown Castle International Corp. (NYSE:REIT).

Since April 24, 2019, it had 3 buys, and 0 selling transactions for $6.59 million activity.

The stock of Crown Castle International Corp. (NYSE:REIT) reached all time high today, Aug, 15 and still has $150.95 target or 6.00 % above today’s $142.41 share price. This indicates more upside for the $59.21B company. This technical setup was reported by Barchart.com. If the $150.95 PT is reached, the company will be worth $3.55B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.50% or $3.47 during the last trading session, reaching $142.41. About 1.06M shares traded. Crown Castle International Corp. (NYSE:REIT) has 0.00% since August 15, 2018 and is . It has by 0.00% the S&P500.

Analysts await Crown Castle International Corp. (NYSE:REIT) to report earnings on October, 16. They expect $1.40 EPS, up 0.72 % or $0.01 from last year’s $1.39 per share. CCI’s profit will be $582.06M for 25.43 P/E if the $1.40 EPS becomes a reality. After $1.48 actual EPS reported by Crown Castle International Corp. for the previous quarter, Wall Street now forecasts -5.41 % negative EPS growth.

More notable recent Crown Castle International Corp. (NYSE:REIT) news were published by: Seekingalpha.com which released: “Simon Property Group: Take This Opportunity To Buy An Undervalued REIT Gem – Seeking Alpha” on August 15, 2019, also Seekingalpha.com with their article: “Whitestone REIT 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 02, 2019, Seekingalpha.com published: “2 Big Fat, Double-Digit Dividend Yields – Seeking Alpha” on August 08, 2019. More interesting news about Crown Castle International Corp. (NYSE:REIT) were released by: Finance.Yahoo.com and their article: “Imagine Owning Apple Hospitality REIT (NYSE:APLE) And Wondering If The 23% Share Price Slide Is Justified – Yahoo Finance” published on July 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Hersha Hospitality Trust (NYSE:HT) A Risky Dividend Stock? – Yahoo Finance” with publication date: August 15, 2019.

Crown Castle provides wireless carriers with the infrastructure they need to keep people connected and businesses running. The company has market cap of $59.21 billion. With approximately 40,000 towers and over 60,000 route miles of fiber supporting small cells following the completion of the Lightower acquisition, Crown Castle is the nation's largest well-known provider of shared wireless infrastructure with a significant presence in the top 100 U.S. markets. It has a 82.84 P/E ratio.

Crown Castle International Corp. (NYSE:REIT) Ratings Chart

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