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Upgrade Alert for Crown Castle International (CCI)

By Amy Schwartz

Crown Castle International (NYSE:CCI) was upgraded from Perform to Outperform at Oppenheimer today. The stock closed yesterday at $98.02 on volume of 2.9 million shares, above average daily volume of 1.9 million.

Crown Castle International Corp. engineers, deploys, owns, and operates shared wireless infrastructure. The Company offers wireless communications coverage to various United States markets and most of the Australian populations. Crown Castle owns, operates, and manages various wireless communication towers internationally.

In the past 52 weeks, shares of Crown Castle International have traded between a low of $75.71 and a high of $102.82 and closed yesterday at $98.03, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Crown Castle International (NYSE:CCI) is currently priced 3.2% above its average consensus analyst price target of $94.85. The stock should discover initial support at its 50-day moving average (MA) of $86.74 and subsequent support at its 200-day MA of $84.27.

SmarTrend is tracking the current trend status for Crown Castle International and will alert subscribers who have CCI in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades crown castle international

Ticker(s): CCI