Crown Castle (CCI): New Buy Recommendation for This Technology Giant

Oppenheimer analyst Timothy Horan assigned a Buy rating to Crown Castle (CCIResearch Report) today and set a price target of $205.00. The company’s shares closed last Wednesday at $201.10, close to its 52-week high of $204.62.

According to, Horan is a 5-star analyst with an average return of 17.5% and a 70.4% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Vonage Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crown Castle with a $205.33 average price target, which is a 1.1% upside from current levels. In a report issued on July 15, Jefferies also maintained a Buy rating on the stock with a $229.00 price target.

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Crown Castle’s market cap is currently $87.86B and has a P/E ratio of 97.60. The company has a Price to Book ratio of -16.17.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCI in relation to earlier this year.

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Texas-based Crown Castle International Corp., a real estate investment trust company, was founded in 1994. It provides shared communications infrastructure in the United States and connects cities and communities to essential data, technology and wireless service. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting small cells and fiber solutions.