Credit Suisse believes the long-term prospects of American...
Credit Suisse believes the long-term prospects of American Tower are the best among the top three U.S. wireless tower companies “due to its lower wireless M&A risk, exposure to high growth international markets and a balanced history of accretive acquisitions…
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and returning cash to shareholders,” said analyst Joseph Mastrogiovanni in a note to investors. American Tower, Crown Castle International and SBA Communications are all “attractive long-term investments” due to the tower sector’s overall strength, he said. Industry participants and observers have told us they believe the U.S. tower sector is likely to do very well over the next 12 months due to increasing network expansions and network quality improvements (CD June 2 p4).