Crown Castle (NYSE:CCI) Given New $96.00 Price Target at Deutsche Bank Aktiengesellschaft

Crown Castle (NYSE:CCI) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $96.00 in a report released on Thursday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 8.49% from the company’s previous close.

CCI has been the topic of a number of other reports. TD Cowen lowered their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday. Scotiabank reduced their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday. UBS Group lifted their price target on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.80.

Crown Castle Trading Down 0.2 %

Shares of CCI stock opened at $88.49 on Thursday. The company has a market capitalization of $38.46 billion, a PE ratio of 31.38 and a beta of 0.87. 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 business’s fifty day moving average is $95.59 and its 200 day moving average is $105.36. Crown Castle has a 52-week low of $84.20 and a 52-week high of $120.92.

Institutional Investors Weigh In On Crown Castle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Crown Castle by 3.7% in the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after buying an additional 747,390 shares during the period. Wellington Management Group LLP grew its holdings in Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares during the period. Geode Capital Management LLC increased its stake in shares of Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after purchasing an additional 151,990 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Crown Castle by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock worth $603,518,000 after purchasing an additional 67,072 shares in the last quarter. Finally, Barclays PLC increased its position in Crown Castle by 7.2% during the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after buying an additional 348,296 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.