NEW YORK, Sept. 16, 2013 /PRNewswire/ -- Crown Castle International Corporation (NYSE: CCI: $70) has been picked by S&P Capital IQ as its Focus Stock of the Week. CCI carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"CCI is a market leader in the wireless tower industry and had added to its large position in the U.S. with the recent acquisition from T-Mobile US of exclusive rights to approximately 7,200 towers," said James Moorman, equity analyst at S&P Capital IQ. "Due to long-term contracts of 5-10 years and annual rent escalations of 3%-5% in the U.S., we think that CCI has high revenue visibility. We believe that increased data usage and continued market build-outs from recent and upcoming spectrum trades and auctions will provide an additional revenue boost over the next couple of years."
To view a video of Mr. Moorman discussing CCI click on the following link. Play Video
About S&P Capital IQS&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information, visit www.spcapitaliq.com.For more information contact: Marc Eiger, Communications, Tel.: 212-438-1280 firstname.lastname@example.org All information provided by S&P Capital IQ is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. S&P Capital IQ and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
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