FY2022 Earnings Forecast for Crown Castle Inc. Issued By KeyCorp (NYSE:CCI)

Crown Castle Inc. (NYSE:CCIGet Rating) – Equities researchers at KeyCorp boosted their FY2022 EPS estimates for shares of Crown Castle in a research report issued to clients and investors on Sunday, January 22nd. KeyCorp analyst B. Nispel now anticipates that the real estate investment trust will earn $6.98 per share for the year, up from their prior estimate of $6.97. KeyCorp has a “Overweight” rating and a $145.00 price objective on the stock. The consensus estimate for Crown Castle’s current full-year earnings is $7.03 per share. KeyCorp also issued estimates for Crown Castle’s Q1 2023 earnings at $1.97 EPS, Q2 2023 earnings at $1.76 EPS, Q3 2023 earnings at $1.78 EPS and FY2023 earnings at $7.28 EPS.

Several other equities analysts have also recently issued reports on the company. Barclays cut Crown Castle from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $153.00 to $152.00 in a research report on Thursday, January 12th. The Goldman Sachs Group dropped their price objective on Crown Castle from $166.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 12th. Royal Bank of Canada dropped their price objective on Crown Castle from $202.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group dropped their price objective on Crown Castle from $213.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. Finally, Morgan Stanley cut their price target on shares of Crown Castle from $188.00 to $158.00 and set an “overweight” rating for the company in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.14.

Crown Castle Trading Up 0.4 %

NYSE CCI opened at $145.31 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $62.93 billion, a P/E ratio of 39.06 and a beta of 0.60. Crown Castle has a 52-week low of $121.71 and a 52-week high of $199.97. The firm has a 50-day moving average price of $140.62 and a 200 day moving average price of $151.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management raised its stake in Crown Castle by 847.4% during the third quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 161 shares during the period. Almanack Investment Partners LLC. purchased a new position in Crown Castle during the third quarter worth approximately $28,000. Johnson Financial Group Inc. raised its stake in Crown Castle by 210.8% during the second quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 156 shares during the period. Retirement Financial Solutions LLC acquired a new position in Crown Castle in the fourth quarter valued at $36,000. Finally, Janiczek Wealth Management LLC boosted its holdings in Crown Castle by 13,200.0% in the second quarter. Janiczek Wealth Management LLC now owns 266 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.

Crown Castle Company Profile

(Get Rating)

Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

Further Reading

Receive News & Ratings for Crown Castle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle and related companies with MarketBeat.com's FREE daily email newsletter.