Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Crown Castle International Corp.

Share:
Related CCI
Oppenheimer Downgrades Crown Castle International As Price War Hits Margins
Earnings Scheduled For January 21, 2015
Crown Castle Will Continue To Grow And Reward Shareholders In 2015 (Seeking Alpha)

In a report published Wednesday, Citigroup reiterated its Neutral rating on Crown Castle International Corp. (NYSE: CCI), and raised its price target from $70.00 to $73.00.

Citigroup noted, “We rate Crown Castle International as Neutral (2). We believe that: 1) Colocation demand remains solid, however Crown is likely to experience a deceleration in revenue growth from the core business over the next few years; 2) The Australian tower portfolio should continue to produce strong top-line revenue growth with inline margins;& 3) Crown is now trading above its peer group average on a P/AFFO basis based on our FY13 estimates.”

Crown Castle International Corp. closed on Monday at $71.07.

Latest Ratings for CCI

DateFirmActionFromTo
Jan 2015BarclaysMaintainsEqual-weight
Jan 2015OppenheimerDowngradesOutperformPerform
Jan 2015Deutsche BankMaintainsNeutral

View More Analyst Ratings for CCI
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (CCI)

Around the Web, We're Loving...

Get Benzinga's Newsletters