Weiss Ratings Reiterates Sell (D) Rating for Crown Castle (NYSE:CCI)

Key Points

• Weiss Ratings reiterated a "sell (d)" rating for Crown Castle (NYSE: CCI), indicating ongoing concerns about the company's performance.
• Despite Weiss's negative outlook, other analysts have raised Crown Castle's price targets and upgraded their ratings, with Barclays and UBS both providing "overweight" and "buy" ratings respectively.
• Crown Castle's stock has fluctuated, recently trading at $96.41, with a market capitalization of approximately $41.98 billion and a significant portion of its shares held by institutional investors.

Crown Castle (NYSE:CCI - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the company. Barclays raised their price target on Crown Castle from $119.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, September 15th. Wall Street Zen raised Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Wolfe Research upgraded Crown Castle from a "peer perform" rating to an "outperform" rating and set a $114.00 price objective for the company in a research note on Monday, September 22nd. UBS Group upped their target price on Crown Castle from $124.00 to $127.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $115.00 to $120.00 in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Crown Castle presently has an average rating of "Moderate Buy" and a consensus price target of $115.76.

Crown Castle Price Performance

Shares of Crown Castle stock traded up $1.27 during trading on Wednesday, hitting $96.41. 4,330,161 shares of the company's stock traded hands, compared to its average volume of 3,083,439. Crown Castle has a 1 year low of $84.20 and a 1 year high of $115.89. The business has a 50-day simple moving average of $98.57 and a 200-day simple moving average of $100.93. The stock has a market capitalization of $41.98 billion, a P/E ratio of -9.04, a PEG ratio of 0.72 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.62 earnings per share. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities analysts predict that Crown Castle will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crown Castle

A number of large investors have recently bought and sold shares of CCI. Vanguard Group Inc. grew its holdings in Crown Castle by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust's stock valued at $7,175,256,000 after buying an additional 6,341,150 shares during the last quarter. Norges Bank purchased a new position in shares of Crown Castle during the 2nd quarter worth $629,431,000. Lazard Asset Management LLC lifted its stake in shares of Crown Castle by 3,051.5% during the 2nd quarter. Lazard Asset Management LLC now owns 5,472,810 shares of the real estate investment trust's stock worth $562,221,000 after purchasing an additional 5,299,155 shares during the period. Nuveen LLC purchased a new position in shares of Crown Castle during the 1st quarter worth $305,876,000. Finally, Deutsche Bank AG lifted its stake in shares of Crown Castle by 60.9% during the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust's stock worth $570,443,000 after purchasing an additional 2,072,198 shares during the period. Institutional investors and hedge funds own 90.77% of the company's stock.

About Crown Castle

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.

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