Crown Castle (NYSE:CCI) Stock Rating Upgraded by StockNews.com

Crown Castle (NYSE:CCI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently issued reports on the company. Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Crown Castle in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Crown Castle in a research note on Tuesday, March 25th. Finally, KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Friday, March 14th. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.88.

Crown Castle Trading Up 2.2 %

Shares of CCI stock opened at $103.51 on Friday. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock’s fifty day moving average price is $97.73 and its two-hundred day moving average price is $98.57. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $45.07 billion, a PE ratio of 36.71 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Crown Castle during the first quarter valued at about $26,000. Twin Tree Management LP acquired a new position in Crown Castle during the 4th quarter worth approximately $25,000. American National Bank & Trust bought a new position in Crown Castle in the first quarter worth approximately $29,000. Capital Advisors Ltd. LLC grew its stake in Crown Castle by 62.1% in the first quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 133 shares during the period. Finally, FNY Investment Advisers LLC grew its stake in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the period. 90.77% of the stock is owned by institutional investors.

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.