Crown Castle (NYSE:CCI) Upgraded to Strong-Buy at Citizens Jmp

Crown Castle (NYSE:CCI) was upgraded by investment analysts at Citizens Jmp to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on CCI. Deutsche Bank Aktiengesellschaft decreased their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. TD Cowen lowered their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. JMP Securities began coverage on shares of Crown Castle in a research note on Monday. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the stock 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 issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Stock Down 3.0 %

NYSE CCI opened at $89.63 on Monday. The stock’s 50 day simple moving average is $95.04 and its 200 day simple moving average is $105.34. Crown Castle has a one year low of $84.20 and a one year high of $120.92. The firm has a market cap of $38.95 billion, a PE ratio of 31.78 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in Crown Castle in the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Crown Castle in the 3rd quarter valued at $47,000. FNY Investment Advisers LLC raised its stake in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares during the period. Finally, Investors Research Corp lifted its holdings in Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 154 shares in the last quarter. Institutional investors 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.