Canaccord Genuity Maintains a 'Buy' on Crown Castle (CCI); Solid Quarter, Guidance Raised
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Price: $75.51 +0.16%
Rating Summary:
15 Buy, 20 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 20 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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