Crown Castle (NYSE:CCI) Price Target Raised to $113.00 at Barclays

Crown Castle (NYSE:CCI) had its price target boosted by stock analysts at Barclays from $104.00 to $113.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective indicates a potential upside of 9.02% from the company’s previous close.

Several other research firms have also issued reports on CCI. Raymond James upgraded shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $128.00 to $122.00 in a report on Friday. Deutsche Bank Aktiengesellschaft decreased 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. Moffett Nathanson reduced their price target on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Friday. Finally, Scotiabank reduced their target price on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Friday. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Crown Castle Trading Up 0.4 %

NYSE:CCI traded up $0.44 during midday trading on Monday, hitting $103.66. 1,224,843 shares of the company traded hands, compared to its average volume of 2,563,718. The firm has a market capitalization of $45.05 billion, a P/E ratio of 36.81 and a beta of 0.89. The firm’s fifty day moving average is $91.00 and its 200-day moving average is $101.32. Crown Castle has a 12-month low of $84.20 and a 12-month 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Tree Management LP purchased a new position in Crown Castle during the fourth quarter worth about $25,000. FNY Investment Advisers LLC boosted its position in Crown Castle by 300.0% during the fourth 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 in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Crown Castle in the 4th quarter worth about $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 raised its position in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.