Crown Castle (NYSE:CCI) Upgraded to “Hold” at StockNews.com

Crown Castle (NYSE:CCI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on CCI. JPMorgan Chase & Co. cut their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. JMP Securities assumed coverage on shares of Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Scotiabank cut their target price on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Crown Castle in a report on Tuesday, March 25th. Twelve research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.88.

Crown Castle Stock Up 2.2 %

Shares of NYSE:CCI opened at $103.51 on Friday. The business’s 50 day moving average is $97.73 and its 200 day moving average is $98.57. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92. The stock has a market cap of $45.07 billion, a price-to-earnings ratio of 36.71 and a beta of 0.93. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Institutional Investors Weigh In On Crown Castle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCI. Opal Wealth Advisors LLC bought a new stake in Crown Castle in the 1st quarter worth $26,000. Twin Tree Management LP purchased a new stake in shares of Crown Castle during the fourth quarter worth about $25,000. American National Bank & Trust bought a new stake in shares of Crown Castle in the first quarter worth about $29,000. Capital Advisors Ltd. LLC increased its holdings in Crown Castle by 62.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 133 shares during the period. Finally, FNY Investment Advisers LLC raised its position in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

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.