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

Crown Castle Inc. (NYSE:CCI) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $116.87.

A number of equities analysts have recently commented on CCI shares. Jefferies Financial Group boosted their price objective on Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. 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. BMO Capital Markets lifted their price objective on shares of Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. The Goldman Sachs Group increased their target price on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Bank of America upped their price objective on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th.

Hedge Funds Weigh In On Crown Castle

A number of hedge funds have recently modified their holdings of CCI. Catalyst Capital Advisors LLC purchased a new position in Crown Castle during the 3rd quarter worth $25,000. EntryPoint Capital LLC acquired a new position in Crown Castle in the 1st quarter valued at about $27,000. Asset Dedication LLC increased its position in Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares during the period. Beacon Capital Management LLC raised its stake in Crown Castle by 163.9% during the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 177 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in 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 acquiring an additional 136 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Crown Castle stock opened at $103.46 on Thursday. The company’s 50 day moving average is $113.39 and its two-hundred day moving average is $106.09. The firm has a market cap of $44.96 billion, a PE ratio of 36.69 and a beta of 0.86. 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 $92.48 and a 52-week high of $120.92.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts expect that Crown Castle will post 6.65 EPS for the current fiscal year.

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.