Friday, February 17, 2012

Chart of the Day - Crown Castle International (CCI)

The "Chart of the Day" is Crown Castle International (CCI), which showed up on Wednesday's Barchart "All Time High" and "Gap Up" lists. Crown Castle on Wednesday posted a new all-time high of $51.06 and closed up 2.49%. TrendSpotter has been Long since Dec 2 at $43.70. In recent news on the stock, Crown Castle on Jan 25 reported Q4 EPS of 16 cents, which was in line with the consensus. Stifel Nicolaus on Jan 4 initiated coverage on Crown Castle with a Buy and a target of $55. Crown Castle International, with a market cap of $14 billion, is a leading owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies.

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