Barclays Raises Crown Castle (NYSE:CCI) Price Target to $113.00

Crown Castle (NYSE:CCI) had its target price raised by research analysts at Barclays from $104.00 to $113.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 7.72% from the stock’s previous close.

Several other analysts also recently weighed in on CCI. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $105.00 in a research report on Monday. UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Friday, March 14th. Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $110.29.

Crown Castle Stock Up 1.9 %

Shares of NYSE:CCI opened at $104.90 on Monday. The company has a market capitalization of $45.59 billion, a PE ratio of 37.20 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a 50 day simple moving average of $91.64 and a 200-day simple moving average of $101.21.

Hedge Funds Weigh In On Crown Castle

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versor Investments LP grew its stake in shares of Crown Castle by 120.0% during the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust’s stock worth $767,000 after purchasing an additional 4,608 shares during the period. Nordea Investment Management AB grew its stake in shares of Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after purchasing an additional 282,821 shares during the period. Oak Thistle LLC acquired a new position in shares of Crown Castle during the 4th quarter worth $1,231,000. Avanza Fonder AB acquired a new position in shares of Crown Castle during the 4th quarter worth $3,083,000. Finally, Fisher Asset Management LLC grew its stake in shares of 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 during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

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.