Crown Castle (NYSE:CCI) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Crown Castle (NYSE:CCIGet Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently issued reports on the company. HSBC reduced their price objective on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th. Raymond James Financial boosted their price objective on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.34.

View Our Latest Stock Report on CCI

Crown Castle Stock Up 0.0%

Shares of NYSE CCI opened at $86.35 on Friday. The business’s 50 day moving average price is $86.05 and its two-hundred day moving average price is $88.46. The company has a market cap of $37.68 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94. Crown Castle has a twelve month low of $75.96 and a twelve month high of $115.76.

Crown Castle (NYSE:CCIGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts anticipate that Crown Castle will post 4.23 EPS for the current fiscal year.

Insider Activity at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares in the company, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the sale, the vice president owned 5,800 shares of the company’s stock, valued at approximately $507,442. This trade represents a 34.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Crown Castle

Several institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its stake in shares of Crown Castle by 24.0% in the third quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 116 shares during the period. Choreo LLC raised its position in Crown Castle by 1.1% during the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock valued at $1,063,000 after purchasing an additional 120 shares in the last quarter. United Asset Strategies Inc. raised its position in Crown Castle by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 120 shares in the last quarter. Golden State Equity Partners raised its position in Crown Castle by 2.8% during the third quarter. Golden State Equity Partners now owns 4,567 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 123 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in Crown Castle by 1.1% during the third quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock valued at $1,058,000 after purchasing an additional 123 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

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Crown Castle Company Profile

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Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.

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