CROWN CASTLE In/SH SH (CCI) Cut to Neutral at Moffett Nathanson

CROWN CASTLE In/SH SH (NYSE:CCI) was downgraded by stock analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a report issued on Monday.

CCI has been the topic of a number of other reports. ValuEngine raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. UBS Group set a $120.00 price objective on shares of CROWN CASTLE In/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. Morgan Stanley raised their price objective on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, August 16th. Barclays raised their price objective on shares of CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. Finally, TheStreet lowered shares of CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research note on Wednesday, October 17th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $118.13.

NYSE:CCI traded down $3.15 during trading hours on Monday, reaching $111.75. The company had a trading volume of 35,854 shares, compared to its average volume of 2,003,784. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.41 and a beta of 0.38. CROWN CASTLE In/SH SH has a twelve month low of $98.85 and a twelve month high of $114.95.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The business’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Equities analysts predict that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current fiscal year.

In other news, Director Langenfeld Cynthia K. Christy purchased 900 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The shares were bought at an average cost of $106.19 per share, with a total value of $95,571.00. Following the completion of the transaction, the director now directly owns 25,424 shares of the company’s stock, valued at $2,699,774.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC raised its position in CROWN CASTLE In/SH SH by 443.0% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 917 shares during the period. Bbva Compass Bancshares Inc. bought a new stake in CROWN CASTLE In/SH SH in the third quarter worth about $160,000. Ninepoint Partners LP bought a new stake in CROWN CASTLE In/SH SH in the third quarter worth about $204,000. Stratos Wealth Partners LTD. bought a new stake in CROWN CASTLE In/SH SH in the third quarter worth about $212,000. Finally, We Are One Seven LLC bought a new stake in CROWN CASTLE In/SH SH in the third quarter worth about $213,000. 94.09% of the stock is currently owned by institutional investors.

CROWN CASTLE In/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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.

See Also: Coverage Ratio

Analyst Recommendations for CROWN CASTLE In/SH SH (NYSE:CCI)

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