Canaccord Genuity Reiterates a 'Buy' on Crown Castle (CCI); Raising Numbers on Strong Organic Growth
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Price: $75.98 +0.33%
Rating Summary:
14 Buy, 21 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 21 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Crown Castle (NYSE: CCI) price target raised from $61 to $63.
Analyst, Greg Miller, said, "We reiterate rating on the shares of CCI and are revising higher our estimates and price target on stronger than expected organic growth in addition to benefits from acquisitions that closed during and shortly following the close of quarter. We continue to believe the towers possess one of the strongest secular tail-winds of any sub-group in our industry and believe the massive 4G upgrade and network reconstruction projects combined will far overshadow any near-term churn that results from decommissioning of Alltel cell sites."
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 $56.26 yesterday.
Analyst, Greg Miller, said, "We reiterate rating on the shares of CCI and are revising higher our estimates and price target on stronger than expected organic growth in addition to benefits from acquisitions that closed during and shortly following the close of quarter. We continue to believe the towers possess one of the strongest secular tail-winds of any sub-group in our industry and believe the massive 4G upgrade and network reconstruction projects combined will far overshadow any near-term churn that results from decommissioning of Alltel cell sites."
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 $56.26 yesterday.
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