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Enter Symbol:
American Tower Corporation (AMT) [hlAlert]

up 80.90 %

American Tower Corporation (AMT) rated Buy with price target $70 by Collins Stewart

Posted on: Friday,  Dec 16, 2011  8:25 AM ET by Collins Stewart

Collins Stewart rated Buy American Tower Corporation (NYSE: AMT) on 12/16/2011. Previously Collins Stewart rated Buy American Tower Corporation (NYSE: AMT) on
02/24/2011., when the stock price was $51.89. Since then, American Tower Corporation has gained 80.90% as of 09/02/2015's recent price of $93.87.
If you would have followed the previous Collins Stewart's recommendation on AMT, you would have gained 80.9% of your investment in 1651 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.

Collins Stewart's research department is built around a number of sector-specialist teams. Our analysts are leaders in their area of specialisation and combine deep industry knowledge with decades of stock broking experience to produce insightful, independent sector research. Our research approach encompasses Questâ„¢ principles and focuses on cash-driven valuation techniques. Research is a Collins Stewart cornerstone; it is leveraged throughout the organisation.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2011 8:25 AM Buy
59.20 70.00
as of 12/30/2011
1 Week down  -0.71 %
1 Month up  1.71 %
3 Months up  11.54 %
1 YTD up  1.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2011 8:25 AM Buy
51.89 63.00

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