January 09, 2012 at 13:00 PM EST
S&P Capital IQ Picks American Tower Corp. Focus Stock of the Week

NEW YORK, Jan. 9, 2012 /PRNewswire/ -- American Tower Corporation (NYSE: AMT: $60) has been picked by S&P Capital IQ as its Focus Stock of the Week.  AMT carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.  A market leader in the wireless tower industry, AMT has a significant position in the U.S. and internationally.  Through a stream of international acquisitions, its international portfolio now accounts for 46% of its total towers.

"Due to long-term contracts and annual rent escalations of 3% to 5% in the U.S., we think that AMT has high revenue visibility," said James Moorman, equity analyst at S&P Capital IQ.  "We believe that increasing data usage and continued market buildouts from the 700MHz spectrum auctions will provide an additional revenue boost over the next couple of years." 

Moorman notes that American Tower recently gained real estate investment trust (REIT) status for its U.S. operations.  "We believe the conversion to a REIT will allow AMT to minimize its taxes on its real estate assets and distribute cash flow to investors, yet continue to drive growth and repurchase shares," said Mr. Moorman. 

To view a video of Mr. Moorman discussing AMT paste the following link into your browser. 

http://link.delvenetworks.com/media/?mediaId=5e5f4017d48845069626e7dee3647948&width=480&height=321&playerForm=LVPPlayer&autoplay=true

About S&P Capital IQ

S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide 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 Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com

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.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.

This material is based upon information that we consider to be reliable, but neither S&P Capital IQ nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P Capital IQ nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P Capital IQ nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.

SOURCE S&P Capital IQ

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here