Crown Castle (CCI) Expected to Announce Earnings on Wednesday

Crown Castle (NYSE:CCI - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Stock Up 0.3 %

Shares of NYSE CCI traded up $0.31 during mid-day trading on Monday, reaching $92.50. The company had a trading volume of 2,140,220 shares, compared to its average volume of 2,769,463. 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 company has a market capitalization of $40.20 billion, a price-to-earnings ratio of 32.80 and a beta of 0.88. The stock has a fifty day moving average of $89.69 and a two-hundred day moving average of $102.81. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JMP Securities initiated coverage on Crown Castle in a report on Monday, January 27th. They set an "outperform" rating and a $115.00 price target for the company. Citigroup dropped their target price 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. Scotiabank reduced their price target on shares of Crown Castle from $118.00 to $102.00 and set a "sector perform" rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on shares of 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 upgraded shares of Crown Castle from an "equal weight" rating to an "overweight" rating and reduced their target price for the company 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, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.