NEW YORK (

TheStreet

) --

Crown Castle International

(NYSE:

CCI

) hit a new 52-week high Friday as it is currently trading at $48.52, above its previous 52-week high of $47.23 with three million shares traded as of 12:45 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Crown Castle International has a market cap of $13.07 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 3.4% year to date as of the close of trading on Thursday.

Crown Castle International Corp., through its subsidiaries, owns, operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. Its infrastructure includes distributed antenna system (DAS) networks, as well as rooftop installations. The company has a P/E ratio of 89.8, below the average telecommunications industry P/E ratio of 95.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Crown Castle International as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Crown Castle International Ratings Report

.

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