Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) 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 $1.92 (2.6%) to $75.29 on average volume. Throughout the day, three million shares of American Tower exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $72.14-$75.41 after having opened the day at $72.89 as compared to the previous trading day's close of $73.37. Other companies within the Telecommunications industry that increased today were:
), up 25%,
), up 22.5%,
), up 12%, and
), up 9.8%.
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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 $28.99 billion and is part of the technology sector. The company has a P/E ratio of 63.8, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 22.3% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates American Tower as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. 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 23.4%,
), down 11%,
), down 10.2%, and
), down 8.7%, 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
- Find other investment ideas from our top rated ETFs lists.
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