American Tower Corp (AMT): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.4%. By the end of trading, American Tower rose $0.81 (1.1%) to $72.86 on average volume. Throughout the day, 3,762,606 shares of American Tower exchanged hands as compared to its average daily volume of 2,748,600 shares. The stock ranged in a price between $72.08-$72.91 after having opened the day at $72.72 as compared to the previous trading day's close of $72.05. Other companies within the Telecommunications industry that increased today were:
(
), up 22.2%,
(
), up 14.0%,
(
), up 6.9% and
(
), up 6.4%.
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 $28.3 billion and is part of the financial sector. Shares are down 6.8% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate American Tower a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
American Tower
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full American Tower Ratings Report.
On the negative front,
(
), down 6.7%,
Maxcom Telecomunicaciones S.A.B. de C.V
(
), down 6.6%,
(
), down 5.9% and
Trunkbow International Holdings
(
), down 5.7% , were all laggards within the telecommunications industry with
(
) being today's telecommunications industry laggard.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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