CROWN CASTLE IN/SH SH (CCI) Cut to Neutral at Macquarie

CROWN CASTLE IN/SH SH (NYSE:CCI) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Several other equities research analysts have also recently commented on CCI. TheStreet cut CROWN CASTLE IN/SH SH from a “b” rating to a “c+” rating in a research note on Wednesday, October 17th. Barclays lifted their target price on CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. ValuEngine raised CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Moffett Nathanson cut CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research note on Monday, December 3rd. Finally, Wells Fargo & Co lifted their target price on CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and a consensus target price of $118.20.

NYSE CCI opened at $118.44 on Tuesday. The firm has a market capitalization of $49.11 billion, a PE ratio of 21.61, a PEG ratio of 1.36 and a beta of 0.44. CROWN CASTLE IN/SH SH has a 52 week low of $98.85 and a 52 week high of $119.43. The company has a quick ratio of 0.96, a current ratio of 0.87 and a debt-to-equity ratio of 1.38.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC bought a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at about $26,000. Athena Capital Advisors LLC bought a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at about $33,000. Doyle Wealth Management bought a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at about $33,000. Quantamental Technologies LLC bought a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at about $42,000. Finally, Enlightenment Research LLC bought a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at about $43,000. 94.73% of the stock is owned by institutional investors and hedge funds.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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.

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Analyst Recommendations for CROWN CASTLE IN/SH SH (NYSE:CCI)

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