NEW YORK (TheStreet) -- American Tower Corp. (AMT) - Get Report stock is up by 0.63% to $89.59 in early afternoon trading on Thursday, ahead of the company's 2015 fourth quarter results, due out before the market open on Friday.

Analysts surveyed by Thomson Reuters are projecting the communications real estate developer to report earnings of 51 cents per share on revenue of $1.25 billion. 

Last year, American Tower reported earnings of 42 cents per share on revenue of $1.04 billion during the fourth quarter. The company's results were boosted by an 11.5% rise in rental and management revenue. 

On Wednesday, Deutsche Bankinitiated coverage on American Tower stock with a "buy" rating. 

"AMT continues to expand its global footprint, diversifying market/carrier exposure and setting itself up as a beneficiary of mobile/next-generation network transitions in less-mature markets," the firm said. 

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Recommends

TheStreet Ratings rates this stock as a "hold" with a ratings score of C.  The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: AMT

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