Crown Castle (CCI)

• Market cap: $45.1B
• 1 day: 0.86%
• 5 days: -0.76%
• 1 month: -9.19%
• 3 months: -4.92%
• 6 months: 0.27%
• Year to date: -10.99%
• 1 year: 0.52%
• 5 years: -22.93%
• 10 years: 29.56%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.

Employees: 5,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

53% more call options, than puts

Call options by funds: $366M | Put options by funds: $240M

38% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 18 (+5) [Q3]

16% more capital invested

Capital invested by funds: $41B [Q2] → $47.4B (+$6.43B) [Q3]

2% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 114

0% more funds holding

Funds holding: 1,107 [Q2] → 1,109 (+2) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 423 | Existing positions reduced: 439

2.73% less ownership

Funds ownership: 94.92% [Q2] → 92.19% (-2.73%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 1% upside
• Avg. target: $118 13% upside
• High target: $127 22% upside

9 analyst ratings

• positive: 2 22%
• neutral: 7 78%
• negative: 0 0%

Barclays Tim Long 63% 1-year accuracy 31 / 49 met price target	13% upside $117	Equal-Weight Maintained	1 Nov 2024
RBC Capital Jonathan Atkin 67% 1-year accuracy 10 / 15 met price target	5% upside $109	Sector Perform Maintained	28 Oct 2024
Wells Fargo Eric Luebchow 79% 1-year accuracy 34 / 43 met price target	1% upside $105	Equal-Weight Maintained	18 Oct 2024
UBS Batya Levi 100% 1-year accuracy 4 / 4 met price target	14% upside $118	Neutral Maintained	17 Oct 2024
Jefferies Jonathan Petersen 46% 1-year accuracy 6 / 13 met price target	22% upside $127	Buy Maintained	17 Oct 2024