Crown Castle Inc
CCI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$533.00 | Gfpty | Rwkq |
Crown Castle: A Renewed Fiber Strategy Will Be Favorable for Shareholders
Crown Castle is provider of network infrastructure in the US, operating over 40,000 cellular towers, and is a leading provider of third-party fiber networks and small cells assets. We maintain our narrow moat rating on Crown, stemming from efficient scale and switching costs present in its tower portfolio. Alternatively, we view its fiber business as no-moat, as it is less differentiated relative to its tower assets.