Canaccord Genuity on Telecommunications: Data Points Continue to Favor Data Centers and Tower Stocks

Canaccord Genuity on Telecommunications: Data points continue to favor data centers and tower stocks

Analyst, Greg Miller, said, "With yet another couple of weeks of industry data points behind us, we believe investors will continue to gravitate to the two segments of the industry with the strongest secular tailwinds – data centers and tower stocks, including Equinix (Nasdaq: EQIX), American Tower (NYSE: AMT), Crown Castle (NYSE: CCI) and SBA Communications (Nasdaq: SBAC). For more defensive investors that are more concerned with macro economic activity, we acknowledge that both AT&T and Verizon remain attractive defensive positions with solid dividend yields. Without solid evidence of any success with Sprint’s long overdue reconstruction process, we continue to recommend investors maintain a highly skeptical outlook on the name."

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