JPMorgan Chase & Co. Has Lowered Expectations for Crown Castle (NYSE:CCI) Stock Price

Crown Castle (NYSE:CCI) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $121.00 to $115.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.43% from the company’s previous close.

Other research analysts have also issued research reports about the company. Raymond James raised Crown Castle from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $128.00 to $122.00 in a report on Friday. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and reduced their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Scotiabank lowered their price objective on shares of Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.29.

Crown Castle Stock Down 0.0 %

Shares of CCI stock traded down $0.01 on Monday, hitting $103.21. The stock had a trading volume of 2,735,131 shares, compared to its average volume of 2,569,575. The business has a 50 day moving average of $91.00 and a 200 day moving average of $101.32. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 36.62 and a beta of 0.89. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92.

Institutional Investors Weigh In On Crown Castle

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Crown Castle in the 4th quarter valued at approximately $25,000. FNY Investment Advisers LLC grew its holdings 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 worth $36,000 after purchasing an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Crown Castle during the fourth quarter worth $37,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Crown Castle in the fourth quarter valued at approximately $38,000. Finally, Investors Research Corp lifted its stake in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 154 shares during the period. 90.77% of the stock is owned by hedge funds and other 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.