RBC Capital Remains a Buy on Crown Castle (CCI)
In a report released on February 5, Jonathan Atkin from RBC Capital maintained a Buy rating on Crown Castle, with a price target of $92.00. The company’s shares closed yesterday at $78.37.
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Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications. According to TipRanks, Atkin has an average return of 9.9% and a 63.88% success rate on recommended stocks.
Crown Castle has an analyst consensus of Moderate Buy, with a price target consensus of $98.85, representing a 26.13% upside. In a report released on February 5, BMO Capital also maintained a Buy rating on the stock with a $91.00 price target.
Based on Crown Castle’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.07 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $1.65 billion and had a net profit of $303 million
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