StockNews.com Upgrades Crown Castle (NYSE:CCI) to “Hold”

Crown Castle (NYSE:CCI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on CCI. Royal Bank of Canada cut their price target on shares of Crown Castle from $109.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective on the stock. Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $128.00 to $122.00 in a research note on Friday, March 14th. Finally, 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. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and a consensus target price of $109.88.

Crown Castle Stock Performance

NYSE CCI opened at $103.51 on Friday. The company has a market cap of $45.07 billion, a P/E ratio of 36.71 and a beta of 0.93. The company has a fifty day simple moving average of $97.73 and a 200 day simple moving average of $98.80. 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 12-month low of $84.20 and a 12-month high of $120.92.

Institutional Trading of Crown Castle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Partners Group LLC lifted its stake in shares of Crown Castle by 0.3% in the 1st quarter. Financial Partners Group LLC now owns 63,420 shares of the real estate investment trust’s stock valued at $6,610,000 after acquiring an additional 215 shares during the last quarter. Lion Street Advisors LLC increased its stake in Crown Castle by 6.7% in the 1st quarter. Lion Street Advisors LLC now owns 4,274 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 267 shares during the period. Clarius Group LLC bought a new stake in Crown Castle in the first quarter valued at approximately $294,000. Bell Bank boosted its stake in shares of Crown Castle by 7.4% during the first quarter. Bell Bank now owns 68,836 shares of the real estate investment trust’s stock valued at $7,175,000 after purchasing an additional 4,763 shares during the period. Finally, Chicago Capital LLC bought a new position in shares of Crown Castle in the first quarter worth approximately $807,000. Hedge funds and other institutional investors 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.