Canaccord Genuity Maintains a 'Buy' on Crown Castle (CCI); Solid Quarter, Guidance Raised
Tweet Send to a FriendGet Alerts CCI Hot Sheet
Price: $73.72 +0.46%
Rating Summary:
12 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
12 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CCI Now!
Canaccord Genuity maintains a 'Buy' on Crown Castle (NYSE: CCI) price target of $61.00.
Analyst, Greg Miller, said, "With yet another solid organic report along with the increase in guidance that is in part a function of integrating acquisitions, we believe investors are once again provided with reminder of why the three tower stocks represent one of the most compelling secular stories in the entire communications industry."
"We continue to believe CCI will increasingly trade on REIT-like valuations following American Tower's (NYSE: AMT) conversion. At 18.0x estimated 2013 AFFO, CCI would be valued at $61.00 per share before any revisions to our model."
For an analyst ratings summary and ratings history on Crown Castle click here. For more ratings news on Crown Castle click here.
Shares of Crown Castle closed at $56.09 yesterday, with a 52 week range of $37.53-$56.29.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Greg Miller, said, "With yet another solid organic report along with the increase in guidance that is in part a function of integrating acquisitions, we believe investors are once again provided with reminder of why the three tower stocks represent one of the most compelling secular stories in the entire communications industry."
"We continue to believe CCI will increasingly trade on REIT-like valuations following American Tower's (NYSE: AMT) conversion. At 18.0x estimated 2013 AFFO, CCI would be valued at $61.00 per share before any revisions to our model."
For an analyst ratings summary and ratings history on Crown Castle click here. For more ratings news on Crown Castle click here.
Shares of Crown Castle closed at $56.09 yesterday, with a 52 week range of $37.53-$56.29.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
- Williams-Sonoma (WSM) Delivers 'Clean' Q1 Beat - Analyst
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
