Trade-Ideas LLC identified

American Tower

(

AMT

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified American Tower as such a stock due to the following factors:

  • AMT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $244.2 million.
  • AMT has traded 31,180 shares today.
  • AMT is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AMT with the Ticky from Trade-Ideas. See the FREE profile for AMT NOW at Trade-Ideas

More details on AMT:

American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The stock currently has a dividend yield of 1.9%. AMT has a PE ratio of 71. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for American Tower has been 1.7 million shares per day over the past 30 days. American Tower has a market cap of $46.2 billion and is part of the technology sector and telecommunications industry. The stock has a beta of 1.00 and a short float of 1.2% with 2.56 days to cover. Shares are up 14.3% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates American Tower as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • AMT's revenue growth has slightly outpaced the industry average of 12.0%. Since the same quarter one year prior, revenues rose by 19.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 42.3% when compared to the same quarter one year prior, rising from $193.32 million to $275.16 million.
  • Net operating cash flow has increased to $563.51 million or 10.50% when compared to the same quarter last year. Despite an increase in cash flow, AMERICAN TOWER CORP's average is still marginally south of the industry average growth rate of 11.45%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • AMERICAN TOWER CORP has improved earnings per share by 28.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, AMERICAN TOWER CORP reported lower earnings of $1.41 versus $2.01 in the prior year. This year, the market expects an improvement in earnings ($2.31 versus $1.41).

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.