Crown Castle (CCI) Projected to Post Earnings on Wednesday

Crown Castle (NYSE:CCI) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Price Performance

NYSE CCI opened at $92.50 on Tuesday. The business’s fifty day moving average price is $89.69 and its 200-day moving average price is $102.81. The stock has a market capitalization of $40.20 billion, a price-to-earnings ratio of 32.80 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CCI shares. 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. Wells Fargo & Company decreased their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Scotiabank decreased their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Citigroup decreased their target price on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.75.

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.