Crown Castle (NYSE:CCI) Price Target Lowered to $96.00 at Deutsche Bank Aktiengesellschaft

Crown Castle (NYSE:CCI) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $96.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 8.78% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. UBS Group lifted their price target on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Moffett Nathanson reduced their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. Finally, Scotiabank dropped their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.80.

Crown Castle Stock Performance

CCI stock traded down $0.18 during trading hours on Thursday, reaching $88.25. The stock had a trading volume of 930,611 shares, compared to its average volume of 3,227,780. The stock has a 50-day simple moving average of $95.88 and a 200 day simple moving average of $105.47. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock has a market capitalization of $38.36 billion, a PE ratio of 31.29 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after acquiring an additional 31,319 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Crown Castle in the 4th quarter valued at approximately $1,231,000. Avanza Fonder AB bought a new stake in shares of Crown Castle during the 4th quarter valued at approximately $3,083,000. Finally, Fisher Asset Management LLC increased its position in Crown Castle by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after purchasing an additional 203,442 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Company Profile

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.