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American Tower Corporation (AMT) [hlAlert]

Rating:
Overweight
AMT
up 25.31 %

American Tower Corporation (AMT) rated Overweight with price target $95 by Barclays

Posted on: Thursday,  Oct 31, 2013  1:25 PM ET by Barclays

Barclays rated Overweight American Tower Corporation (NYSE: AMT) on 10/31/2013. Previously Barclays rated Overweight American Tower Corporation (NYSE: AMT) on 07/23/2013.,
when the stock price was $74.91. Since then, American Tower Corporation has gained 25.31% as of 09/02/2015's recent price of $93.87.
If you would have followed the previous Barclays's recommendation on AMT, you would have gained 25.31% of your investment in 771 days.

American Tower Corporation is a wireless and broadcast communications infrastructure company with a portfolio of over 23,700 communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system (DAS) networks. The Company is a holding company, and it conducts its operations through its subsidiaries. The Company operates in two segments: rental and management, and network development services. Its primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, and radio and television broadcast companies. Through its network development services segment, the Company offers tower-related services in the United States, including site acquisition, zoning and permitting services and structural analysis services, which directly support its site leasing business, and the addition of new tenants and equipment on its sites. In May 2009, the Company acquired XCEL Telecom Private Ltd.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2013 1:25 PM Buy
None
79.48 95.00
as of 12/13/2013
1 Week down  -1.69 %
1 Month down  -1.80 %
3 Months up  4.13 %
1 YTD down  -3.42 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/23/2013 3:25 PM Buy
None
74.91 90.00
10/17/2012 8:25 AM None
None
74.32

(*) Stock Price at the time of the recommendation.
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