Crown Castle International Corp (CCI): Today's Featured Telecommunications Winner

Crown Castle International ( CCI) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.2%. By the end of trading, Crown Castle International rose 42 cents (0.7%) to $59.84 on light volume. Throughout the day, 817,842 shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $59-$59.92 after having opened the day at $59.25 as compared to the previous trading day's close of $59.42. Other companies within the Telecommunications industry that increased today were: MERU Networks ( MERU), up 11.7%, NTS ( NTS), up 8.9%, Alvarion ( ALVR), up 6.7%, and RIT Technologies ( RITT), up 6.5%.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $17.46 billion and is part of the technology sector. The company has a P/E ratio of 104.6, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 32.6% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and four rate it a hold.

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

On the negative front, Ambient Corporation ( AMBT), down 10.5%, eOn Communications Corporation ( EONC), down 8.1%, Vocera Communications ( VCRA), down 7.2%, and Elephant Talk Communications ( ETAK), down 7%, were all losers within the telecommunications industry with Research in Motion ( RIMM) being today's telecommunications industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
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