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

Crown Castle (NYSE:CCI) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $1.64 billion for the quarter.

Crown Castle Price Performance

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

Wall Street Analyst Weigh In

CCI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased 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. Wells Fargo & Company decreased their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. JMP Securities started coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Finally, Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.