Barclays Analyst Bullish on Crown Castle (CCI)

Crown Castle Inc. (NYSE:CCI) is one of the best dividend stocks in the real estate sector. On November 17, Barclays analyst Brendan Lynch upheld a Buy recommendation on CCI with a price target of $104.

In a separate business update, dated November 12, Anterix Inc. (NASDAQ:ATEX) and Crown Castle Inc. (NYSE:CCI) revealed that they have partnered to offer utilities that grant utilities efficient access to tower structures in order to deploy 900 MHz private wireless networks.

Anterix TowerX was launched by both companies, and this service merges tower sites with advanced development capacity. The partnership will allow utilities the right to use Crown Castle’s 40,000+ tower sites in the US. TowerX plans to streamline deployment and fast-track utility projects that want to develop private LTE networks utilizing 900 MHz spectrum. The collaboration offers extensive site development and combined structures to promote grid improvement projects.

Dwayne Townsend, the CCI Vice President of Tower National Accounts, mentioned that this initiative between the two companies allows utilities to access wireless networks while trimming capital expenditure.

Crown Castle Inc. (NYSE:CCI) owns and operates cell towers and thousands of miles of fiber across the United States, specializing in wireless and data infrastructure that enables connectivity between cities, communities, and businesses.

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