Canaccord Genuity on Telecommunications: Looking At The Defense...Towers

Canaccord Genuity on Telecommunications: Looking At The Defense

Analyst, Greg Miller said, "With a series of seemingly minor data points over the past couple weeks, we believe it remains prudent for investors to adopt a more defensive approach to the US communications services sector until it is clear that enterprise recovery is taking hold and that the proliferation of iPhone (Nasdaq: AAPL) distribution channels doesn’t cause carrier fundamentals to deteriorate. We continue to favor American Tower (NYSE: AMT)(Buy), Crown Castle (NYSE: CCI)(Buy), SBA Communications (Nasdaq: SBAC)(BUY) and Equinix (Nasdaq: EQIX)(BUY), and we even believe Verizon (NYSE: VZ)(HOLD) and AT&T (NYSE: T)(HOLD) offer investors a degree of safety with a stable dividend."

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