Crown Castle (CCI) Expected to Announce Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCI) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Stock Up 1.1 %

Shares of NYSE:CCI opened at $92.21 on Monday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. Crown Castle has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a 50 day simple moving average of $89.75 and a 200 day simple moving average of $102.94.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Citigroup cut their target price on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank cut their target price on shares of 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. Finally, Wells Fargo & Company cut their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.75.

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.