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American Tower Corporation (AMT) [hlAlert]

Rating:
Buy AMT
up 20.17 %

American Tower Corporation (AMT) rated Buy by Jefferies

Posted on: Thursday,  Dec 19, 2013  9:25 AM ET by Jefferies

Jefferies rated Buy American Tower Corporation (NYSE: AMT) on 12/19/2013, when the stock price was $78.11. Since
then, American Tower Corporation has gained 20.18% as of 09/02/2015's recent price of $93.87.
If you would have followed this Jefferies's recommendation on AMT, you would have gained 20.17% of your investment in 622 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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2013 9:25 AM Buy
None
78.11
as of 8/27/2015
1 Week down  -5.03 %
1 Month down  -2.47 %
3 Months down  -0.99 %
1 YTD up  17.60 %

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