Crown Castle (CCI) Projected to Post Earnings on Wednesday

Crown Castle (NYSE:CCI) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Trading Up 0.3 %

NYSE CCI opened at $92.50 on Tuesday. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a 50-day moving average of $89.69 and a 200-day moving average of $102.81. The firm has a market cap of $40.20 billion, a PE ratio of 32.80 and a beta of 0.88.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCI. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Company Profile

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.