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American Tower Corporation (AMT) [hlAlert]

Rating:
Buy AMT
down 8.36 %

American Tower Corporation (AMT) rated Buy with price target $115 by Argus

Posted on: Monday,  Nov 24, 2014  8:25 AM ET by Argus

Argus rated Buy American Tower Corporation (NYSE: AMT) on 11/24/2014, when the stock price was $102.44. Since
then, American Tower Corporation has lost 8.37% as of 09/02/2015's recent price of $93.87.
If you would have followed this Argus's recommendation on AMT, you would have lost 8.36% of your investment in 282 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2014 8:25 AM Buy
None
102.44 115.00
as of 8/27/2015
1 Week down  -5.03 %
1 Month down  -2.47 %
3 Months down  -0.99 %
1 YTD down  -8.36 %

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