Moffett Nathanson Lowers Crown Castle (NYSE:CCI) Price Target to $105.00

Crown Castle (NYSE:CCI) had its price objective decreased by equities research analysts at Moffett Nathanson from $127.00 to $105.00 in a report issued on Thursday. Moffett Nathanson’s target price points to a potential upside of 18.66% from the company’s previous close.

A number of other research firms also recently issued reports on CCI. The Goldman Sachs Group lifted their price objective on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $117.00 to $104.00 in a research note on Monday, January 13th. UBS Group increased their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.80.

Crown Castle Trading Down 0.2 %

Shares of CCI stock opened at $88.49 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 31.38 and a beta of 0.87. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92. The stock’s 50-day moving average price is $95.59 and its 200-day moving average price is $105.36.

Institutional Investors Weigh In On Crown Castle

Institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB grew its position in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after acquiring an additional 282,821 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after purchasing an additional 31,319 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Crown Castle in the fourth quarter worth about $1,231,000. Avanza Fonder AB purchased a new position in Crown Castle in the 4th quarter worth about $3,083,000. Finally, Fisher Asset Management LLC lifted its holdings in Crown Castle by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after buying an additional 203,442 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

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.