Is Crown Castle International Corp (CCI) a Stock to Watch After Gaining 1.34% This Week?

Overall market sentiment has been high on Crown Castle International Corp (CCI) stock lately. CCI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Crown Castle International Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CCI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CCI Stock Today?

Crown Castle International Corp (CCI) stock has fallen -0.89% while the S&P 500 has risen 0.32% as of 1:07 PM on Thursday, Nov 18. CCI is lower by -$1.65 from the previous closing price of $184.73 on volume of 540,848 shares. Over the past year the S&P 500 is up 30.31% while CCI has risen 10.06%. CCI earned $2.88 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 63.64.

More About Crown Castle International Corp

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 80,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust. Click Here to get the full Stock Report for Crown Castle International Corp stock.