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 was unchanged today. By the end of trading, American Tower rose 67 cents (1%) to $65.85 on average volume. Throughout the day, 2.4 million shares of American Tower exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $65.34-$66.36 after having opened the day at $65.43 as compared to the previous trading day's close of $65.18. Other companies within the Telecommunications industry that increased today were:
(
), up 17.8%,
(
), up 11.1%,
(
), up 9.3%, and
TheStreet Recommends
(
), up 9%.
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 $25.68 billion and is part of the
sector. The company has a P/E ratio of 49.3, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate American Tower a buy, no analysts rate it a sell, and one rates 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full American Tower Ratings Report.
On the negative front,
(
), down 9%,
Maxcom Telecomunicaciones S.A.B. de C.V
(
), down 6.3%,
eOn Communications Corporation
(
), down 5.9%, and
(
), down 5.8%, were all losers within the telecommunications industry with
(
) being today's telecommunications industry loser.
- 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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