CROWN CASTLE IN/SH SH (CCI) Raised to Outperform at Raymond James

CROWN CASTLE IN/SH SH (NYSE:CCI) was upgraded by equities research analysts at Raymond James from a “mkt perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, January 3rd, MarketBeat.com reports.

Several other equities research analysts also recently weighed in on the stock. Barclays lifted their price target 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. Wells Fargo & Co boosted their target price on shares of CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. TheStreet downgraded shares of CROWN CASTLE IN/SH SH from a “b” rating to a “c+” rating in a research report on Wednesday, October 17th. Zacks Investment Research downgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Finally, Moffett Nathanson downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $119.20.

CCI opened at $107.38 on Thursday. CROWN CASTLE IN/SH SH has a 1-year low of $98.85 and a 1-year high of $117.60. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $43.84 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.22 and a beta of 0.42.

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 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. CROWN CASTLE IN/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts predict that CROWN CASTLE IN/SH SH will post 5.25 earnings per share for the current year.

In other news, Director Langenfeld Cynthia K. Christy acquired 900 shares of CROWN CASTLE IN/SH SH stock in a transaction on Monday, October 22nd. The stock was acquired at an average cost of $106.19 per share, with a total value of $95,571.00. Following the transaction, the director now owns 25,424 shares of the company’s stock, valued at approximately $2,699,774.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after acquiring an additional 3,771,236 shares during the last quarter. Vanguard Group Inc boosted its stake in CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after acquiring an additional 3,771,236 shares during the last quarter. Jennison Associates LLC boosted its stake in CROWN CASTLE IN/SH SH by 372.5% in the third quarter. Jennison Associates LLC now owns 2,171,335 shares of the real estate investment trust’s stock valued at $241,735,000 after acquiring an additional 1,711,765 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CROWN CASTLE IN/SH SH by 10.8% in the third quarter. Dimensional Fund Advisors LP now owns 5,983,955 shares of the real estate investment trust’s stock valued at $666,172,000 after acquiring an additional 584,509 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in CROWN CASTLE IN/SH SH by 13,985.0% in the third quarter. Artemis Investment Management LLP now owns 588,472 shares of the real estate investment trust’s stock valued at $65,512,000 after acquiring an additional 584,294 shares during the last quarter. 93.95% of the stock is owned by institutional investors and hedge funds.

About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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.

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

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