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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 1.4%. By the end of trading, Crown Castle International rose $0.77 (1.0%) to $75.00 on light volume. Throughout the day, 2,198,954 shares of Crown Castle International exchanged hands as compared to its average daily volume of 3,014,300 shares. The stock ranged in a price between $73.79-$75.35 after having opened the day at $74.15 as compared to the previous trading day's close of $74.23. Other companies within the Telecommunications industry that increased today were: Gogo ( GOGO), up 17.4%, Barracuda Networks ( CUDA), up 11.1%, WPCS International ( WPCS), up 9.6% and Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), up 5.9%.

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 $24.9 billion and is part of the technology sector. The company has a P/E ratio of 233.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 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 robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and premium valuation.

On the negative front, Zoom Technologies ( ZOOM), down 25.7%, Cyan ( CYNI), down 9.5%, NII Holdings ( NIHD), down 9.1% and Zhone Technologies ( ZHNE), down 8.4% , were all laggards within the telecommunications industry with AT&T ( T) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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