Crown Castle International Reaches New 52-Week High (CCI)

NEW YORK ( TheStreet) -- Crown Castle International (NYSE: CCI) hit a new 52-week high Tuesday as it is currently trading at $63.03, above its previous 52-week high of $62.95 with 49,573 shares traded as of 9:40 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Crown Castle International has a market cap of $18.08 billion and is part of the technology sector and telecommunications industry. Shares are up 39.6% year to date as of the close of trading on Monday.

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 70.1, 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Crown Castle International Ratings Report.

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