Moffett Nathanson Lowers Crown Castle (NYSE:CCI) Price Target to $105.00

Crown Castle (NYSE:CCIGet Free Report) had its price target dropped by equities research analysts at Moffett Nathanson from $127.00 to $105.00 in a note issued to investors on Thursday. Moffett Nathanson’s target price would suggest a potential upside of 18.66% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank lowered their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday. The Goldman Sachs Group upped their target price on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Wells Fargo & Company cut their price target on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday. Royal Bank of Canada upped their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Finally, TD Cowen cut their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.80.

Get Our Latest Stock Analysis on Crown Castle

Crown Castle Stock Performance

CCI stock opened at $88.49 on Thursday. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The business has a 50-day moving average price of $95.59 and a 200 day moving average price of $105.36. The company has a market capitalization of $38.46 billion, a P/E ratio of 31.38 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.

Hedge Funds Weigh In On Crown Castle

Hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in Crown Castle by 13.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 90 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Crown Castle by 2.4% during the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 91 shares during the period. True North Advisors LLC boosted its position in Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 95 shares during the last quarter. Malaga Cove Capital LLC increased its holdings in Crown Castle by 1.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 100 shares during the period. Finally, Tsfg LLC raised its position in Crown Castle by 27.5% during the 3rd quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 117 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Company Profile

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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.

Further Reading

Analyst Recommendations for Crown Castle (NYSE:CCI)

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