Crown Castle (NYSE:CCI) Given New $98.00 Price Target at Citigroup

Crown Castle (NYSE:CCI) had its price target decreased by equities researchers at Citigroup from $106.00 to $98.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential upside of 30.57% from the stock’s previous close.

A number of other research analysts also recently issued reports on CCI. Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. The Goldman Sachs Group assumed coverage on Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. Jefferies Financial Group lifted their target price on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets boosted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.92.

Crown Castle Trading Up 0.7%

Shares of CCI traded up $0.48 during mid-day trading on Friday, hitting $75.06. The company’s stock had a trading volume of 1,833,995 shares, compared to its average volume of 3,660,849. The company’s 50-day moving average is $84.61 and its 200-day moving average is $85.82. Crown Castle has a 52-week low of $73.75 and a 52-week high of $113.80. The firm has a market capitalization of $32.76 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 0.39 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 63.77%. Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. As a group, sell-side analysts predict that Crown Castle will post 4.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crown Castle

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Crown Castle by 9.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock worth $60,086,000 after buying an additional 60,497 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of Crown Castle by 21.2% during the 4th quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock worth $260,460,000 after purchasing an additional 511,763 shares during the period. Aberdeen Group plc increased its holdings in shares of Crown Castle by 13.9% during the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock valued at $93,551,000 after purchasing an additional 128,212 shares in the last quarter. Skylands Capital LLC lifted its stake in shares of Crown Castle by 6.2% in the 4th quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock valued at $23,288,000 after purchasing an additional 15,300 shares during the period. Finally, Fisher Asset Management LLC grew its position in Crown Castle by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock valued at $489,370,000 after buying an additional 54,078 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle News Summary

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle reported Q2 results that beat expectations on key profit measures, including FFO/AFFO, helped by lower interest expense. The company also raised its full-year 2026 outlook, which signals improving earnings visibility. Crown Castle Q2 AFFO Beats Estimates on Lower Interest Expense
• Positive Sentiment: Several analysts kept bullish or constructive ratings despite lower targets, including Citizens JMP (“market outperform”), TD Cowen (“buy”), and RBC (“outperform”), suggesting the market still sees upside from current levels. Analyst updates on Crown Castle
• Neutral Sentiment: The company is in the middle of a strategic reshaping, with asset sales, debt repayment, and land investments affecting the outlook. That may create near-term uncertainty, but it also supports a more focused capital structure and business mix. Crown Castle Inc (CCI) Q2 2026 Earnings Call Highlights
• Negative Sentiment: Some analysts lowered price targets, including JPMorgan and TD Cowen, reflecting more cautious valuation assumptions even after the earnings beat. That may limit near-term enthusiasm for the stock. Analyst price target cuts for Crown Castle

Crown Castle Company Profile

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.