Crown CastleCCI
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
42% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 83
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: $41.2B [Q2] → $48B (+$6.72B) [Q3]
2% more funds holding
Funds holding: 1,110 [Q2] → 1,133 (+23) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 432 | Existing positions reduced: 450
2.26% less ownership
Funds ownership: 95.55% [Q2] → 93.29% (-2.26%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JMP Securities Greg Miller 0 / 0 met price target | 28%upside $115 | Market Outperform Reiterated | 30 Jan 2025 |
JMP Securities David Scharf 80% 1-year accuracy 41 / 51 met price target | 28%upside $115 | Market Outperform Initiated | 27 Jan 2025 |
Scotiabank Maher Yaghi 50% 1-year accuracy 7 / 14 met price target | 14%upside $102 | Sector Perform Maintained | 23 Jan 2025 |
Wells Fargo Eric Luebchow 69% 1-year accuracy 31 / 45 met price target | 5%downside $85 | Underweight Maintained | 23 Jan 2025 |
Barclays Brendan Lynch 55% 1-year accuracy 17 / 31 met price target | 16%upside $104 | Overweight Upgraded | 13 Jan 2025 |
Financial journalist opinion
Based on 10 articles about CCI published over the past 30 days