Crown Castle (NYSE:CCI) Price Target Raised to $109.00

Crown Castle (NYSE:CCI - Get Free Report) had its price target lifted by analysts at Scotiabank from $99.00 to $109.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective would indicate a potential upside of 8.80% from the company's current price.

CCI has been the topic of a number of other research reports. KeyCorp upgraded shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price target on the stock in a research report on Friday, March 14th. Citigroup reaffirmed a "buy" rating on shares of Crown Castle in a research report on Tuesday, March 25th. JMP Securities assumed coverage on Crown Castle in a research report on Monday, January 27th. They issued an "outperform" rating and a $115.00 price objective for the company. Argus upgraded Crown Castle to a "hold" rating in a research report on Friday, March 21st. Finally, Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.47.

Crown Castle Trading Down 0.6 %

Shares of CCI stock traded down $0.57 on Tuesday, hitting $100.18. The company had a trading volume of 1,716,710 shares, compared to its average volume of 2,880,766. Crown Castle has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $43.62 billion, a P/E ratio of 35.52 and a beta of 0.93. The stock's 50-day moving average is $99.02 and its two-hundred day moving average is $98.33.

Hedge Funds Weigh In On Crown Castle

Institutional investors have recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA grew its position in shares of Crown Castle by 3.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust's stock valued at $368,000 after acquiring an additional 104 shares during the period. Beacon Capital Management LLC lifted its stake in Crown Castle by 36.6% in the first quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 120 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 124 shares during the period. Exchange Traded Concepts LLC increased its position in Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock worth $103,000 after buying an additional 126 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Crown Castle by 5.9% in the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock worth $216,000 after buying an additional 133 shares during the last quarter. 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.