Crown Castle (CCI)

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Brokers Offer Predictions for Crown Castle International Corp. (REIT)'s Q1 2021 Earnings
By: MarketBeat | April 15, 2021

• Crown Castle International Corp. (REIT) (NYSE:CCI) - Investment analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of Crown Castle International in a research report issued on Monday, April 12th. Jefferies Financial Group analyst J. Petersen forecasts that the real estate investment trust will post earnings per share of $1.53 for the quarter. Jefferies Financial Group currently has a "Buy" rating and a $205.00 target price on the stock. Jefferies Financial Group also issued estimates for Crown Castle International's Q2 2021 earnings at $1.55 EPS, Q3 2021 earnings at $1.62 EPS, Q4 2021 earnings at $1.64 EPS and FY2021 earnings at $6.33 EPS. Crown Castle International (NYSE:CCI) last posted its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.58 by $0.75. Crown Castle International had a return on equity of 7.57% and a net margin of 13.09%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $0.43 EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis.

A number of other research analysts have also commented on CCI. KeyCorp upgraded Crown Castle International from a "sector weight" rating to an "overweight" rating and set a $193.00 price target for the company in a report on Wednesday, March 31st. Raymond James lowered their price target on Crown Castle International from $172.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, January 29th. Wolfe Research started coverage on Crown Castle International in a report on Wednesday, March 24th. They set a "peer perform" rating and a $165.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Crown Castle International from a "neutral" rating to a "buy" rating and set a $170.00 price target on the stock in a research note on Thursday, January 14th. Finally, Smith Barney Citigroup raised Crown Castle International from a "neutral" rating to a "buy" rating in a research note on Thursday, January 14th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Crown Castle International presently has a consensus rating of "Buy" and an average price target of $178.00.

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