Deutsche Bank Aktiengesellschaft Lowers Crown Castle (NYSE:CCI) Price Target to $96.00

Crown Castle (NYSE:CCI) had its price objective lowered by analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $96.00 in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 8.78% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. TD Cowen dropped their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday. Finally, The Goldman Sachs Group raised their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $109.80.

Crown Castle Price Performance

Shares of NYSE:CCI traded down $0.18 during midday trading on Thursday, reaching $88.25. The company’s stock had a trading volume of 930,611 shares, compared to its average volume of 3,227,780. The business’s fifty day simple moving average is $95.88 and its 200-day simple moving average is $105.47. 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 fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a market capitalization of $38.36 billion, a P/E ratio of 31.29 and a beta of 0.87.

Institutional Trading of Crown Castle

A number of large investors have recently made changes to their positions in CCI. Catalyst Capital Advisors LLC acquired a new position in Crown Castle in the third quarter valued at about $25,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Crown Castle during the 3rd quarter worth approximately $47,000. Finally, Friedenthal Financial acquired a new stake in Crown Castle during the 3rd quarter worth approximately $50,000. Institutional investors own 90.77% of the company’s stock.

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.