Telecom Consolidation Can Drive 20% Return In Crown Castle
Crown Castle should benefit from the telecom industry consolidation, most recently market by T-Mobile's approved acquisition of Sprint. With Crown Castle being a beneficiary of the merger, let's look at the chart to see what upside potential lies ahead.
Applying fibonacci extension analysis to the 2000 high and 2002 low generates one remaining price target marked by the 423.6% extension level of $190. This represents upside potential of 18% from current levels.