Crown Castle International (NYSE:CCI) was upgraded by research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a $170.00 price objective on the real estate investment trust’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price target indicates a potential upside of 11.34% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Crown Castle International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $177.00 to $180.00 in a research note on Friday, December 11th. Wells Fargo & Company raised their price objective on shares of Crown Castle International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, September 16th. Raymond James raised shares of Crown Castle International from a “market perform” rating to an “outperform” rating and set a $172.00 price objective for the company in a research report on Monday, October 26th. BidaskClub cut Crown Castle International from a “hold” rating to a “sell” rating in a research note on Saturday, December 12th. Finally, Credit Suisse Group dropped their price objective on Crown Castle International from $148.00 to $146.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $174.82.
Shares of Crown Castle International stock opened at $152.69 on Thursday. The firm has a market capitalization of $65.85 billion, a price-to-earnings ratio of 95.43, a PEG ratio of 1.15 and a beta of 0.30. Crown Castle International has a fifty-two week low of $114.18 and a fifty-two week high of $180.00. The stock has a 50 day moving average of $158.05 and a 200 day moving average of $163.07. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.62 and a current ratio of 0.62.
In other Crown Castle International news, COO James D. Young sold 6,000 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $164.32, for a total value of $985,920.00. Following the completion of the transaction, the chief operating officer now owns 186,679 shares in the company, valued at $30,675,093.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Landis Martin acquired 6,250 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was acquired at an average price of $161.22 per share, with a total value of $1,007,625.00. Following the transaction, the director now directly owns 139,543 shares of the company’s stock, valued at approximately $22,497,122.46. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BNC Wealth Management LLC purchased a new stake in shares of Crown Castle International in the 3rd quarter worth about $25,000. Bainco International Investors bought a new stake in Crown Castle International during the fourth quarter worth approximately $25,000. Jeppson Wealth Management LLC acquired a new stake in Crown Castle International in the third quarter worth approximately $27,000. Baystate Wealth Management LLC boosted its stake in Crown Castle International by 723.8% during the 3rd quarter. Baystate Wealth Management LLC now owns 173 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 152 shares in the last quarter. Finally, RMR Wealth Builders acquired a new position in shares of Crown Castle International during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 90.07% of the company’s stock.
Crown Castle International Company Profile
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 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.
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