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Crown Castle (CCI) Has a New Rating from Bernstein

Tipranks - Sat Mar 21, 7:02AM CDT

Bernstein analyst initiated coverage with a Buy rating on Crown Castle today and set a price target of $102.00.

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Crown Castle has an analyst consensus of Moderate Buy, with a price target consensus of $97.54.

Based on Crown Castle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.07 billion and a net profit of $294 million. In comparison, last year the company earned a revenue of $1.65 billion and had a GAAP net loss of $4.77 billion

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCI in relation to earlier this year. Last month, Edward B JR Adams, the EVP & GC of CCI sold 4,650.00 shares for a total of $401,481.00.

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