Crown Castle Inc. (NYSE:CCI) Given Consensus Rating of "Hold" by Analysts

Shares of Crown Castle Inc. (NYSE:CCI - Get Free Report) have been given a consensus recommendation of "Hold" by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $108.75.

A number of research analysts have commented on the company. UBS Group upped their price target on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. JMP Securities assumed coverage on Crown Castle in a report on Monday, January 27th. They set an "outperform" rating and a $115.00 price target on the stock. Barclays upgraded shares of Crown Castle from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Scotiabank lowered their target price on shares of 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.

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Crown Castle Price Performance

Shares of CCI stock traded down $1.72 during trading hours on Friday, reaching $88.15. The company had a trading volume of 3,411,339 shares, compared to its average volume of 2,766,238. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a fifty day moving average of $90.98 and a 200-day moving average of $103.95. The company has a market capitalization of $38.31 billion, a price-to-earnings ratio of 31.26 and a beta of 0.88. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92.

Hedge Funds Weigh In On Crown Castle

Institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle during the third quarter worth $25,000. Twin Tree Management LP acquired a new position in shares of Crown Castle during the fourth quarter worth $25,000. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC increased its holdings in Crown Castle by 300.0% in the fourth 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 period. Finally, Roxbury Financial LLC acquired a new stake in Crown Castle in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 90.77% of the company's stock.

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.