Crown Castle
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 Q2 SEC filings by fund managers ($100M+ AUM)
80% more call options, than puts
Call options by funds: $299M | Put options by funds: $166M
1.85% less ownership
Funds ownership: 93.62% [Q1] → 91.78% (-1.85%) [Q2]
6% less funds holding
Funds holding: 1,174 [Q1] → 1,105 (-69) [Q2]
8% less capital invested
Capital invested by funds: $43B [Q1] → $39.6B (-$3.35B) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 398 | Existing positions reduced: 486
19% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 13 (-3) [Q2]
42% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 165
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
UBS Batya Levi 100% 1-year accuracy 4 / 4 met price target | 6%upside $118 | Neutral Maintained | 17 Oct 2024 |
Jefferies Jonathan Petersen 64% 1-year accuracy 7 / 11 met price target | 14%upside $127 | Buy Maintained | 17 Oct 2024 |
TD Cowen Gregory Williams 82% 1-year accuracy 9 / 11 met price target | 10%upside $123 | Buy Maintained | 17 Oct 2024 |
Barclays Tim Long 63% 1-year accuracy 19 / 30 met price target | 4%upside $116 | Equal-Weight Maintained | 10 Oct 2024 |
Goldman Sachs Brett Feldman 75% 1-year accuracy 3 / 4 met price target | 7%upside $120 | Neutral Maintained | 26 Sept 2024 |
Financial journalist opinion
Based on 24 articles about CCI published over the past 30 days