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
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