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Truist Financial reduces its price target for Crown Castle (NYSE:CCI) to $175.00.

Truist Financial reduces its price target for Crown Castle (NYSE:CCI) to $175.00.

In a Friday research note distributed to investors, the equity research analysts at Trust Financial lowered their target price for Crown Castle (NYSE: CCI), which they had previously provided to the market. The previous price goal of $230.00 has been revised downward to $175.00. Compared to the price at which the stock was traded at its most recent closing price, the price target that Trust Financial established could increase by 15.70%.

In recent times, several additional analysts have weighed in with their opinions regarding CCI. The announcement was made by Deutsche Bank Aktiengesellschaft in a research note that was published on Friday, December 16, and stated that the company was increasing its price objective on Crown Castle shares from $137.00 to $140.00. In a research note released by KeyCorp on Friday, October 21, the company gave Crown Castle an “underweight” rating, down from the previous rating of “overweight.” In addition, KeyCorp announced that they would set their price objective for the stock at $145.00, down from $177.00. StockNews.com released a research report on October 12 that marked the beginning of the website’s coverage of Crown Castle shares. The report marked the beginning of the website’s coverage of Crown Castle shares. They advised their clients to “hold” the stock moving forward. In a research note published on Thursday, Barclays decreased their target price for Crown Castle from $153.00 to $152.00 and downgraded the stock from “overweight” to “equal weight.” Crown Castle was originally pegged to have a target price of $153.00 from Barclays.

Last but not least, in a report distributed on Tuesday, October 18, Morgan Stanley decreased their price objective on Crown Castle shares from $188.00 to $158.00 and classified the stock as “overweight.” Nine industry professionals have issued a recommendation to buy the stock, four have issued a recommendation to hold the stock, and one market watcher has issued a recommendation to sell the stock. According to data provided by Bloomberg, the company is currently regarded as having a “Moderate Buy” rating as the consensus rating, and the price target has been established at $158.14 for the stock.

Crown Castle’s share price opened trading on Friday at $151.25, which remained throughout the day. The current, quick, and debt-to-equity ratios all come at the same value of 0.46, but the debt-to-equity ratio is 2.69. The company’s price-to-earnings ratio is 40.66, and its beta value is 0.60. The company has a market capitalization of $65.5 billion at present. The simple moving average for Crown Castle over the past 50 days comes in at $138.36, while the simple moving average over the past 200 days comes at $153.24. The company reached its 52-week high of $199.97 and its 52-week low of $121.71 during the period covered by this report.

On October 20, the financial results report for Crown Castle was made public. CCI is the ticker symbol for Crown Castle stock on the New York Stock Exchange. The real estate investment trust’s report on profits per share (EPS) for the quarter was $0.97, consistent with the estimates of $0.97 that market analysts had made for the previous quarter. During the fiscal year, Crown Castle was able to generate a return on equity of 20.28% and a net margin of 23.47%. The actual revenue generated by the company during the quarter was $1.75 billion, which is higher than the forecasted revenue of $1.73 billion that the company would generate in the quarter. The company posted earnings of $1.77 per share during the same period the year before when compared to the current year. Compared to the same quarter in the prior year, the increase in revenue was 7.9% higher than expected. According to the forecasts of analysts who focus on equity analysis, each share of Crown Castle’s stock will bring in a profit of $7.03 in 2018.

In related news, Crown Castle Director Matthew Thornton III purchased 1,215 shares of the company’s stock on Friday, October 21. This is an additional recent development about Crown Castle. After the stock was acquired for a total of $150,392.70, the price of each share came out to an average of $123.78, which brought the total price to $123.78 per share. As a result of the transaction being finalized, the director now has direct ownership of 5,761 shares of the company’s stock, which have a combined value of $713,096.58. You will be taken to the SEC filing in which the acquisition was disclosed if you click this link. In other developments about Crown Castle, director Kevin A. Stephens purchased 2,000 shares of the company’s stock on October 24. The average price per share paid to acquire it was $123.50, bringing the total amount spent on the acquisition of stocks to a total of $247,000. As a direct result of the acquisition, the director owns 12,703 shares of the company, which have a combined value of about $1,568,820.50. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.

Additionally, director Matthew Thornton III bought 1,215 shares of the company’s stock on Friday, October 21. The purchasers of the shares paid a weighted average price of $123.78 per share when they were purchasing those shares, bringing the total amount paid to $150,392.70. Following the completion of the acquisition, the director now has direct ownership of 5,761 company shares, which have a combined value of $713,096.58. This is the location where you may find the disclosure regarding this transaction. Insiders own the total number of shares currently outstanding in the company to the extent of 0.47 percent.

A few hedge funds have made recent adjustments to the percentage of their holdings invested in the company, either increasing the percentage or decreasing it. During the second quarter, Cambridge Investment Research Advisors Inc. brought the total amount of Crown Castle stock that it directly owned to a level that was 5.4% higher than before. Cambridge Investment Research Advisors Inc. now has 52,570 real estate investment trust shares, valued at $8,852,000, after purchasing an additional 2,688 shares during the period in question. During the second quarter, Wealthspire Advisors LLC invested approximately $333,000 in Crown Castle. This investment was made at the cost of approximately $333,000 in total. Johnson Financial Group Inc. increased its total ownership of Crown Castle to a level that was 210.8% higher than it had been previously during the second quarter of the fiscal year. After making an additional purchase of 156 shares during the most recent fiscal quarter, Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock. Each share of this stock is currently worth $39,000, and the company has a total value of $39,000.

Additionally, additional shares were acquired by the company during the most recent fiscal quarter. Assenagon Asset Management S.A. increased the proportion of Crown Castle that it owned by 16.2% over the second quarter. As of the end of the most recent fiscal quarter, Assenagon Asset Management S.A. directly owned 5,060 shares of the real estate investment trust. The value of these shares was $852,000. The last but certainly not the least news is that during the second quarter, Robeco Institutional Asset Management B.V. increased the percentage of Crown Castle holdings by 15.6%. After purchasing 23,161 additional shares during the most recent fiscal quarter, Robeco Institutional Asset Management B.V. now owns a total of 171,753 shares of the real estate investment trust, which are

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