Citadel Securities Downgrades Crown Castle (CCI) to Reduce; Towers Preview: Starting to Look at Expectations

Citadel Securities downgraded Crown Castle (NYSE: CCI) to Reduce.

Citadel analyst says, "We expect Amreican Tower (NYSE: AMT), CCI, and SBA Communications, (Nasdaq: SBAC) to report solid 2Q11 results, given conservative expectations. With consensus estimates at the mid-point of the companies' (conservative) guidance ranges or lower, beats seem likely, since these companies almost always report at or near the high end of guidance. We also think FY2011 expectations are conservative, potentially allowing the companies to raise guidance with 2Q earnings reports. But...

For more ratings news on Crown Castle click here and for the rating history of Crown Castle click here.

Shares of Crown Castle closed at $42.40 yesterday.

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