Crown Castle (CCI) Expected to Announce Earnings on Wednesday

Crown Castle (NYSE:CCI) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Price Performance

Crown Castle stock opened at $91.29 on Friday. The company has a market cap of $39.67 billion, a price-to-earnings ratio of 32.37 and a beta of 0.88. The firm’s fifty day moving average is $89.85 and its 200 day moving average is $103.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle has a 52-week low of $84.20 and a 52-week high of $120.92.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCI shares. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Moffett Nathanson cut their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. JMP Securities started coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Citigroup cut their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average price target of $108.75.

About Crown Castle

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.