Crown Castle (NYSE:CCI) Raised to “Buy” at UBS Group

Crown Castle (NYSE:CCI) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a $118.00 price target on the real estate investment trust’s stock. UBS Group’s target price points to a potential upside of 15.28% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Moffett Nathanson cut their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Raymond James raised shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $128.00 to $122.00 in a report on Friday. Scotiabank cut their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. Finally, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.18.

Crown Castle Price Performance

Shares of Crown Castle stock traded up $8.83 during trading on Friday, reaching $102.36. The company’s stock had a trading volume of 3,527,408 shares, compared to its average volume of 2,552,458. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a market capitalization of $44.49 billion, a P/E ratio of 36.24 and a beta of 0.89. The business has a 50 day moving average price of $90.74 and a 200-day moving average price of $101.55.

Institutional Investors Weigh In On Crown Castle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new position in shares of Crown Castle in the 4th quarter valued at about $25,000. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in Crown Castle during the fourth quarter valued at approximately $37,000. Vermillion Wealth Management Inc. purchased a new stake in Crown Castle during the fourth quarter worth approximately $38,000. Finally, Investors Research Corp increased its position in shares of Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 154 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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.