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CCI

Crown Castle

$101.10

0.79 (0.79%)

, UNIT

Uniti Group

$25.46

-0.14 (-0.55%)

08:36
07/17/17
07/17
08:36
07/17/17
08:36

Crown Castle bid more than $7B to acquire Lightower, Reuters says

Crown Castle International (CCI) has made an offer to acquire Lightower Fiber Networks from its majority owner, private equity firm Berkshire Partners, for more than $7B, including debt, according to Reuters, citing people familiar with the matter. Lightower, which would mark Crown Castle's biggest deal to date and help it diversify away from its traditional tower business, has also attracted interest from other telecommunications infrastructure companies, including Uniti Group (UNIT), the report stated. Reference Link

CCI

Crown Castle

$101.10

0.79 (0.79%)

UNIT

Uniti Group

$25.46

-0.14 (-0.55%)

  • 19

    Jul

  • 03

    Aug

CCI Crown Castle
$101.10

0.79 (0.79%)

04/11/17
04/11/17
UPGRADE
Target $101

Buy
Crown Castle upgraded on improving tower sentiment, A&T build out at Guggenheim
As previously reported, Guggenheim upgraded Crown Castle (CCI) to Buy from Neutral and raised its price target to $101 from $91. Analyst Jonathan Schildkraut said improving tower sentiment and expectations that AT&T's (T) build out of the FirstNet network will result in a meaningful benefit to Crown Castle's growth rates beyond 2017. Further, the analyst increasingly expects 5G will leverage small cell infrastructure, benefiting Crown Castle's long-term growth.
04/26/17
COWN
04/26/17
NO CHANGE
Target $105
COWN
Outperform
Crown Castle weakness a buying opportunity, says Cowen
Cowen analyst Colby Synesael noted Crown Castle reported solid Q1 results and only slightly raised its guidance. He also noted the company announced a secondary offering of stock. Synesael would use the weakness from the lackluster guidance and offering as a buying opportunity and reiterated his Outperform rating and $105 price target on Crown Castle shares.
06/08/17
DBAB
06/08/17
NO CHANGE
Target $118
DBAB
Buy
Crown Castle price target raised to $117 from $108 at Deutsche Bank
Deutsche Bank analyst Matthew Niknam raised his price target for Crown Castle to $117 saying the company is best positioned as an infrastructure "pure-play" on U.S. wireless traffic growth. After meeting with management, the analyst believes a "strong" pipeline and "multiple" catalysts reinforce his conviction. He keeps a Buy rating on Crown Castle shares.
06/12/17
RAJA
06/12/17
DOWNGRADE
RAJA
Market Perform
Crown Castle downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Ric Prentiss downgraded Crown Castle to Market Perform citing strong year-to-date share performance and said consensus estimates now capture most of the benefit of the improving US leasing environment.
UNIT Uniti Group
$25.46

-0.14 (-0.55%)

04/10/17
RHCO
04/10/17
NO CHANGE
RHCO
SunTrust views AT&T deal as highlighting 5G momentum
SunTrust analyst Greg Miller believes AT&T's (T) acquisition of Straight Path (STRP) highlights the "strong momentum" on early 5G network development plans, including fixed wireless. He believes the news is positive for infrastructure companies including Crown Castle (CCI), Zayo Group (ZAYO), Uniti Group (UNIT) and ultimately American Tower (AMT) and SBA Communications (SBAC) in later-stage 5G deployments.
04/11/17
RHCO
04/11/17
NO CHANGE
RHCO
Uniti Group acquisition positive, says SunTrust
After Uniti Group (UNIT) bought Southern Light, SunTrust analyst Greg Miller says that the deal enhances the value of the company's fiber assets and will diversify its revenue. The analyst admits that the company paid a high price, but he thinks it is worthwhile, given the value of the assets it acquired. He keeps a $30 price target and a Buy rating on the shares.
05/22/17
DBAB
05/22/17
INITIATION
Target $28
DBAB
Buy
Uniti Group initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Matthew Niknam started Uniti Group with a Buy rating and $28 price target.
06/19/17
RBCM
06/19/17
INITIATION
RBCM
Outperform
Uniti Group initiated with an Outperform at RBC Capital
RBC Capital analyst Jonathan Atkin started coverage of Uniti with a $32 price target and an Outperform rating. The analyst says that the company has "favorable organic and inorganic growth opportunities (compared with) its peers," partly due to its focus on smaller markets, its "broader customer base," and "strong valuation metrics."

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