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

Shares of Crown Castle Inc. (NYSE:CCI) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $110.13.

Several analysts have issued reports on CCI shares. Moffett Nathanson cut their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. JMP Securities initiated coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Finally, Scotiabank lowered their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd.

Crown Castle Price Performance

CCI opened at $89.57 on Friday. 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 $38.93 billion, a P/E ratio of 31.76 and a beta of 0.88. The stock has a 50-day moving average price of $92.43 and a 200-day moving average price of $104.48. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92.

Institutional Investors Weigh In On Crown Castle

Several hedge funds have recently made changes to their positions in CCI. Catalyst Capital Advisors LLC bought a new position in Crown Castle during the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Crown Castle in the 3rd quarter worth about $47,000. 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 worth $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Crown Castle during the 4th quarter valued at about $37,000. 90.77% of the stock is currently 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.