Crown Castle (NYSE:CCI) Upgraded by Wolfe Research to “Peer Perform” Rating

Crown Castle (NYSE:CCI) was upgraded by investment analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a report issued on Monday, MarketBeat reports.

Several other equities analysts also recently commented on CCI. Scotiabank decreased their target price on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft decreased their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, March 14th. Eleven 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. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $110.29.

Crown Castle Price Performance

NYSE:CCI opened at $104.90 on Monday. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92. The stock’s 50 day moving average price is $91.64 and its two-hundred day moving average price is $101.21. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 37.20 and a beta of 0.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Napa Wealth Management raised its position in Crown Castle by 4.6% during the 3rd quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 122 shares during the last quarter. Accurate Wealth Management LLC raised its position in shares of Crown Castle by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 124 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 126 shares in the last quarter. IFP Advisors Inc raised its position in shares of Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 133 shares in the last quarter. Finally, Howard Capital Management Inc. raised its position in shares of Crown Castle by 1.2% in the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 135 shares in the last quarter. 90.77% of the stock is owned by 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.