4. As of noon trading, American Tower ( AMT) is up $1.41 (1.69) to $84.96 on average volume Thus far, 1.0 million shares of American Tower exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $83.25-$85.01 after having opened the day at $83.50 as compared to the previous trading day's close of $83.55. American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. American Tower has a market cap of $32.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 56.1, above the S&P 500 P/E ratio of 17.7. Shares are up 8.1% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate American Tower a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full American Tower Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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