Goldman Sachs Group Lowers CROWN CASTLE IN/SH SH (CCI) to Neutral

CROWN CASTLE IN/SH SH (NYSE:CCI) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. UBS Group set a $120.00 target price on shares of CROWN CASTLE IN/SH SH and gave the stock a “buy” rating in a research report on Friday, September 28th. TheStreet lowered shares of CROWN CASTLE IN/SH SH from a “b” rating to a “c+” rating in a research report on Wednesday, October 17th. Barclays upped their target price on shares of CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 19th. Finally, Moffett Nathanson lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $119.20.

CCI opened at $107.38 on Monday. The firm has a market cap of $43.84 billion, a PE ratio of 22.14, a PEG ratio of 1.22 and a beta of 0.42. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. CROWN CASTLE IN/SH SH has a one year low of $98.85 and a one year high of $117.60.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. CROWN CASTLE IN/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Sell-side analysts forecast that CROWN CASTLE IN/SH SH will post 5.25 EPS for the current fiscal year.

In related news, Director Langenfeld Cynthia K. Christy bought 900 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was bought at an average cost of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the transaction, the director now owns 25,424 shares of the company’s stock, valued at $2,699,774.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. increased its position in CROWN CASTLE IN/SH SH by 8.6% in the second quarter. Baird Financial Group Inc. now owns 11,940 shares of the real estate investment trust’s stock worth $1,287,000 after buying an additional 950 shares during the period. Capital Fund Management S.A. acquired a new stake in CROWN CASTLE IN/SH SH in the second quarter worth $230,000. Vident Investment Advisory LLC increased its position in CROWN CASTLE IN/SH SH by 40.1% in the second quarter. Vident Investment Advisory LLC now owns 3,755 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 1,075 shares during the period. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in CROWN CASTLE IN/SH SH in the second quarter worth $1,908,000. Finally, Argent Trust Co increased its position in CROWN CASTLE IN/SH SH by 144.6% in the second quarter. Argent Trust Co now owns 8,789 shares of the real estate investment trust’s stock worth $948,000 after buying an additional 5,196 shares during the period. 93.95% of the stock is owned by institutional investors and hedge funds.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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Analyst Recommendations for CROWN CASTLE IN/SH SH (NYSE:CCI)

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