Crown Castle International Stock Hits New 52-Week High (CCI)

NEW YORK ( TheStreet) -- Crown Castle International (NYSE: CCI) hit a new 52-week high Wednesday as it is currently trading at $56.11, above its previous 52-week high of $55.99 with 71,724 shares traded as of 9:40 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Crown Castle International has a market cap of $16.02 billion and is part of the technology sector and telecommunications industry. Shares are up 22.8% year to date as of the close of trading on Tuesday.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. The company has a P/E ratio of 105.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and generally poor debt management. You can view the full Crown Castle International Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null