Crown Castle (CCI)

• Market cap: $38.8B
• 1 day: -1.53%
• 5 days: -1.16%
• 1 month: -15.33%
• 3 months: -24.83%
• 6 months: -7.10%
• Year to date: -23.54%
• 1 year: -23.54%
• 5 years: -36.94%
• 10 years: 12.99%
• 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]

22% more first-time investments, than exits

New positions opened: 118 | Existing positions closed: 97

16% more capital invested

Capital invested by funds: $41.2B [Q2] → $48B (+$6.73B) [Q3]

2% more funds holding

Funds holding: 1,110 [Q2] → 1,131 (+21) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 432 | Existing positions reduced: 449

2.26% less ownership

Funds ownership: 95.55% [Q2] → 93.29% (-2.26%) [Q3]

Research analyst outlook

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

• Low target: $100 12% upside
• Avg. target: $116 30% upside
• High target: $127 42% upside

6 analyst ratings

• positive: 2 33%
• neutral: 3 50%
• negative: 1 17%

Wells Fargo Eric Luebchow 64% 1-year accuracy 27 / 42 met price target	12% upside $100	Underweight Downgraded	10 Dec 2024
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target	31% upside $117	Equal-Weight Maintained	1 Nov 2024
RBC Capital Jonathan Atkin 50% 1-year accuracy 9 / 18 met price target	22% upside $109	Sector Perform Maintained	28 Oct 2024
UBS Batya Levi 100% 1-year accuracy 4 / 4 met price target	32% upside $118	Neutral Maintained	17 Oct 2024
Jefferies Jonathan Petersen 23% 1-year accuracy 3 / 13 met price target	42% upside $127	Buy Maintained	17 Oct 2024