Wall Street War: A Tale of Two Cell Tower Analysts
Crown Castle International (NYSE: CCI) and American Tower (NYSE: AMT) aren't exactly household names, but if you use your phone to look them up there's a fair chance that you may need one of the two companies to make it happen. American Tower and Crown Castle are leading players in cell towers. Mobile providers lease space on these cell towers to make sure that they have strong signals in the area.
Crown Castle operates 40,000 cell towers. Its infrastructure portfolio also includes roughly 80,000 on-air or under-contract small cell nodes and 80,000 route miles of fiber. American Tower's empire consists of 219,000 communication sites. Its acquisition of CoreSite Realty -- a $10 billion deal that closed two weeks ago -- adds highly interconnected data center facilities and critical cloud on-ramps to its arsenal.
Both stocks were on the move last week, and that was even before volatility rocked the general market. A pair of analysts with different takes on the industry had American Tower and Crown Castle moving higher earlier in the week before retreating by the middle of the week. Let's take a close look at both calls.
Source Fool.com
