3. American Tower (AMT), a holding company, owns, operates, and develops wireless communications and broadcast towers.
Analysts polled by Bloomberg expect the company to report earnings of 22 cents per share for 2010 fourth quarter, compared to earnings of 16 cents per share in the year-ago period. Analysts foresee the company reporting earnings per share of 94 cents for 2010, $1.09 for 2011 and $1.44 for 2012, up from earnings of 59 cents per share reported for 2009.
The stock surged around 31% during the past year, whereas WPCS International (WPCS) and Crown Castle International returned around -8% and 26%, respectively.
Of the 23 analysts covering American Tower, 18 recommend buying, 4 suggest holding and 1 rates selling. The stock's average price target is $59.3, 9% above current level, based on analysts surveyed by Bloomberg.
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