Crown Castle Inc. (NYSE:CCI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Crown Castle Inc. (NYSE:CCI – Get Rating) have earned an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $158.14.

Several research analysts recently commented on CCI shares. Morgan Stanley dropped their target price on shares of Crown Castle from $188.00 to $158.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. Wells Fargo & Company dropped their target price on shares of Crown Castle from $175.00 to $135.00 and set an “underweight” rating on the stock in a report on Tuesday, October 18th. Cowen dropped their target price on shares of Crown Castle from $195.00 to $149.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. Truist Financial dropped their target price on shares of Crown Castle from $230.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Finally, The Goldman Sachs Group dropped their target price on shares of Crown Castle from $166.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 12th.

Crown Castle Stock Up 0.4 %

Crown Castle stock opened at $145.31 on Friday. The company has a market capitalization of $62.93 billion, a P/E ratio of 39.06 and a beta of 0.60. The firm’s fifty day simple moving average is $140.62 and its 200-day simple moving average is $151.68. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69. Crown Castle has a 1-year low of $121.71 and a 1-year high of $199.97.

Institutional Trading of Crown Castle

Several institutional investors have recently made changes to their positions in CCI. Activest Wealth Management boosted its position in shares of Crown Castle by 847.4% during the 3rd quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 161 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in Crown Castle in the third quarter valued at about $28,000. Retirement Financial Solutions LLC acquired a new position in Crown Castle in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. boosted its position in Crown Castle by 210.8% in the second quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 156 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its position in Crown Castle by 41.5% in the fourth quarter. HHM Wealth Advisors LLC now owns 307 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. 90.27% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Company Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.