Crown Castle Inc. (NYSE:CCI) Receives Consensus Rating of “Hold” from Analysts

Shares of Crown Castle Inc. (NYSE:CCI) have received an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.13.

CCI has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Moffett Nathanson reduced their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Citigroup set a $128.00 price target on Crown Castle in a research report on Thursday, October 17th. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $117.00 to $104.00 in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd.

Crown Castle Stock Down 1.5 %

Crown Castle stock opened at $89.81 on Friday. The business’s 50-day simple moving average is $91.51 and its two-hundred day simple moving average is $104.15. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $39.03 billion, a PE ratio of 31.85 and a beta of 0.88. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Institutional Trading of Crown Castle

Institutional investors have recently modified their holdings of the stock. Provident Investment Management Inc. increased its position in shares of Crown Castle by 3.5% during the fourth quarter. Provident Investment Management Inc. now owns 6,515 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 220 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Crown Castle by 7.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,264 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 385 shares in the last quarter. Motley Fool Asset Management LLC raised its position in shares of Crown Castle by 12.8% in the fourth quarter. Motley Fool Asset Management LLC now owns 19,721 shares of the real estate investment trust’s stock valued at $1,790,000 after buying an additional 2,231 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in Crown Castle by 23.5% during the fourth quarter. Meeder Advisory Services Inc. now owns 7,726 shares of the real estate investment trust’s stock worth $701,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Crown Castle by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust’s stock valued at $1,119,225,000 after acquiring an additional 228,007 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.