American Tower Rises On Unusually High Volume (AMT)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Wednesday with 5.8 million shares changing hands. It is currently at two times its average daily volume and trading up $2.36 (+3.3%) at $75.22 as of 3:35 p.m. ET.
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American Tower has a market cap of $28.49 billion and is part of the financial sector and real estate industry. Shares are down 6.8% year to date as of the close of trading on Tuesday.
American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites.
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
.
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