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American Tower Corporation (AMT) [hlAlert]

Rating:
Buy AMT
up 132.46 %

American Tower Corporation (AMT) rated Buy by Piper Jaffray

Posted on: Tuesday,  Sep 9, 2008  8:25 AM ET by Piper Jaffray

Piper Jaffray rated Buy American Tower Corporation (NYSE: AMT) on 09/09/2008, when the stock price was $40.38. Since
then, American Tower Corporation has gained 132.47% as of 09/02/2015's recent price of $93.87.
If you would have followed this Piper Jaffray's recommendation on AMT, you would have gained 132.46% of your investment in 2549 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.

At Piper Jaffray, we understand there’s no substitute for relevant and timely research. That's why we provide: * fundamental and technical research * value-added investment ideas * market analysis With the information our research team provides, you’ll make better and more informed decisions for your portfolio.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2008 8:25 AM Buy
None
40.38
as of 12/24/2008
1 Week down  -0.33 %
1 Month up  2.40 %
3 Months up  8.86 %
1 YTD down  -18.79 %

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