Crown Castle Inc. (NYSE:CCI) Receives $100.02 Consensus Price Target from Brokerages

Shares of Crown Castle Inc. (NYSE:CCI) have received a consensus rating of “Hold” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong 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 $100.0235.

A number of analysts have issued reports on the stock. New Street Research downgraded shares of Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 price target on the stock. in a report on Monday, January 5th. Wolfe Research cut Crown Castle from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada decreased their target price on Crown Castle from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. BMO Capital Markets cut their price target on Crown Castle from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, UBS Group reduced their price objective on Crown Castle from $116.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th.

Crown Castle Trading Up 1.8%

NYSE CCI opened at $88.02 on Wednesday. Crown Castle has a 12 month low of $77.01 and a 12 month high of $115.76. The stock has a market cap of $38.33 billion, a PE ratio of 87.15, a P/E/G ratio of 0.45 and a beta of 0.96. The stock’s 50 day moving average is $87.06 and its 200 day moving average is $92.27.

Institutional Trading of Crown Castle

A number of large investors have recently made changes to their positions in CCI. Creative Financial Designs Inc. ADV lifted its holdings in shares of Crown Castle by 47.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. raised its position in Crown Castle by 5.6% during the second quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 109 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Crown Castle by 24.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 116 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Crown Castle by 74.5% in the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. Finally, Choreo LLC boosted its holdings in shares of Crown Castle by 1.1% in the 3rd quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 120 shares during the period. 90.77% of the stock is currently owned by institutional investors.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.