Crown Castle International Stock Falls On Unusually High Volume (CCI)
Crown Castle International (NYSE:CCI) is trading at unusually high volume Wednesday with 3.8 million shares changing hands. It is currently at 2.5 times its average daily volume and trading down $1.48 (-2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Crown Castle International (NYSE: CCI) is trading at unusually high volume Wednesday with 3.8 million shares changing hands. It is currently at 2.5 times its average daily volume and trading down $1.48 (-2%) at $71.08 as of 3:26 p.m. ET.
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Crown Castle International has a market cap of $21.51 billion and is part of the technology sector and telecommunications industry. Shares are up 1.7% 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 114.7, 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 robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and premium valuation. You can view the full Crown Castle International Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.