Moffett Nathanson Has Lowered Expectations for Crown Castle (NYSE:CCI) Stock Price

Crown Castle (NYSE:CCI) had its target price reduced by Moffett Nathanson from $127.00 to $105.00 in a note issued to investors on Thursday. Moffett Nathanson’s price objective points to a potential upside of 18.97% from the stock’s previous close.

CCI has been the topic of a number of other reports. TD Cowen lowered their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday. Royal Bank of Canada lifted their target price on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $109.80.

Crown Castle Price Performance

NYSE:CCI traded down $0.18 during trading hours on Thursday, hitting $88.25. 930,611 shares of the stock traded hands, compared to its average volume of 3,227,780. The company has a market cap of $38.36 billion, a price-to-earnings ratio of 31.29 and a beta of 0.87. Crown Castle has a 1 year low of $84.20 and a 1 year high of $120.92. The stock has a 50 day moving average price of $95.88 and a 200 day moving average price of $105.47. 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 Trading of Crown Castle

A number of hedge funds have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. lifted its holdings in Crown Castle by 13.0% during the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 90 shares during the period. Pathway Financial Advisers LLC boosted its stake in Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 91 shares in the last quarter. True North Advisors LLC increased its position in shares of Crown Castle by 4.2% in the 3rd quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 95 shares during the period. Malaga Cove Capital LLC raised its stake in shares of Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 100 shares during the last quarter. Finally, Tsfg LLC lifted its stake in Crown Castle by 27.5% during the 3rd quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 117 shares during the period. 90.77% of the stock is owned by hedge funds and other 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.