Crown Castle (NYSE:CCI) Stock Rating Upgraded by StockNews.com

Crown Castle (NYSE:CCI - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other analysts have also commented on CCI. KeyCorp raised Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 target price on the stock in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the stock from $128.00 to $122.00 in a research report on Friday, March 14th. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.47.

Crown Castle Stock Down 1.6 %

CCI stock traded down $1.71 during trading on Friday, hitting $102.66. 219,985 shares of the company's stock traded hands, compared to its average volume of 3,364,418. The firm has a market capitalization of $44.70 billion, a P/E ratio of 36.40 and a beta of 0.93. The business has a fifty day simple moving average of $98.26 and a two-hundred day simple moving average of $98.55. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle has a 1 year low of $84.20 and a 1 year high of $120.92.

Hedge Funds Weigh In On Crown Castle

A number of hedge funds have recently modified their holdings of CCI. Opal Wealth Advisors LLC acquired a new stake in shares of Crown Castle in the first quarter worth $26,000. Twin Tree Management LP acquired a new position in Crown Castle during the fourth quarter valued at approximately $25,000. American National Bank & Trust bought a new stake in shares of Crown Castle in the first quarter valued at approximately $29,000. Capital Advisors Ltd. LLC boosted its position in shares of Crown Castle by 62.1% in the first quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 133 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 300 shares during the period. 90.77% of the stock is currently 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.