Barclays Increases Crown Castle (NYSE:CCI) Price Target to $112.00

Crown Castle (NYSE:CCI - Get Free Report) had its price target lifted by equities research analysts at Barclays from $111.00 to $112.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price would suggest a potential upside of 17.31% from the company's previous close.

Several other brokerages also recently issued reports on CCI. Scotiabank lowered their price target on Crown Castle from $133.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets decreased their target price on Crown Castle from $110.00 to $105.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Royal Bank of Canada lifted their target price on Crown Castle from $92.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 21st. Argus downgraded Crown Castle from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Jefferies Financial Group decreased their target price on Crown Castle from $126.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Crown Castle has a consensus rating of "Hold" and an average price target of $113.29.

Crown Castle Stock Performance

Shares of NYSE:CCI traded up $0.39 during midday trading on Tuesday, hitting $95.47. The company's stock had a trading volume of 2,484,512 shares, compared to its average volume of 2,839,650. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.53 and a beta of 0.73. The stock's 50 day simple moving average is $104.43 and its 200 day simple moving average is $105.40. Crown Castle has a fifty-two week low of $84.72 and a fifty-two week high of $128.27. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.40 and a current ratio of 0.42.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.92). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 earnings per share. As a group, research analysts anticipate that Crown Castle will post 6.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Dakota Community Bank & Trust NA grew its holdings in Crown Castle by 4.2% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust's stock worth $204,000 after acquiring an additional 90 shares during the period. Valley National Advisers Inc. grew its holdings in Crown Castle by 51.1% during the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 97 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Crown Castle by 17.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 677 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 100 shares during the period. Waterfront Wealth Inc. grew its holdings in Crown Castle by 1.9% during the 4th quarter. Waterfront Wealth Inc. now owns 5,515 shares of the real estate investment trust's stock worth $635,000 after acquiring an additional 101 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in Crown Castle by 0.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 18,986 shares of the real estate investment trust's stock worth $1,747,000 after acquiring an additional 103 shares during the period. 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.