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.