Citizens Jmp Upgrades Crown Castle (NYSE:CCI) to Strong-Buy

Crown Castle (NYSE:CCI) was upgraded by stock analysts at Citizens Jmp to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. TD Cowen cut their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Moffett Nathanson lowered their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.13.

Crown Castle Stock Performance

CCI opened at $89.63 on Monday. 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 $38.95 billion, a PE ratio of 31.78 and a beta of 0.87. The stock has a 50-day moving average of $95.04 and a 200-day moving average of $105.34. Crown Castle has a 52-week low of $84.20 and a 52-week high of $120.92.

Institutional Trading of Crown Castle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in Crown Castle during the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC boosted its stake in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Crown Castle in the third quarter valued at $47,000. Finally, Friedenthal Financial acquired a new position in Crown Castle during the third quarter worth $50,000. Institutional investors 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.