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Fri, October 21, 2011

What's Ahead: Today's Economic Outlook - Equity Research on American Tower Corporation and Crown Castle International Corp.


Published on 2011-10-21 06:11:19 - Market Wire
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October 21, 2011 09:00 ET

What's Ahead: Today's Economic Outlook - Equity Research on American Tower Corporation and Crown Castle International Corp.

MACAU--(Marketwire - Oct 21, 2011) - Today, [ www.EquityMarketsInc.com ] announced its research report highlighting American Tower Corporation (NYSE: [ AMT ]) and Crown Castle International Corp. (NYSE: [ CCI ]). Full content and research is available at [ www.EquityMarketsInc.com/research.php?id=AMT+CCI ].

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. "Significant downside risks" to the US economy were confirmed by the Federal Reserve pressured by "strains in global financial markets."

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

Equity Markets has reviewed American Tower Corporation for its current position within the technology industry. American Tower Corporation is a holding company. It is a wireless and broadcast communications infrastructure company that owns, operates and develops communications sites. Its primary business includes leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies. The full research report on American Tower Corporation (NYSE: [ AMT ]) is available here: [ www.EquityMarketsInc.com/research.php?id=AMT ].

Equity Markets has reviewed Crown Castle International Corp. for its development within the technology industry. Crown Castle International Corp.(CCIC) owns, operates and leases towers and other wireless infrastructure, including distributed antenna system (DAS) networks in the United States and rooftop installations. The Company's main business is renting space on its towers through long-term contracts in various forms, including license, sublease and lease agreements. The full research report on Crown Castle International Corp. (NYSE: [ CCI ]) is available here: [ www.EquityMarketsInc.com/research.php?id=CCI ].

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