American Tower Reaches New 52-Week High (AMT)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $63.92, above its previous 52-week high of $63.85 with 955,804 shares traded as of 12:45 p.m. ET. Average volume has been 3.1 million shares over the past 30 days.
American Tower has a market cap of $24.55 billion and is part of the
sector and
industry. Shares are up 6.4% year to date as of the close of trading on Wednesday.
American Tower Corporation, through its subsidiaries, operates as a wireless and broadcast communications infrastructure company. The company has a P/E ratio of 91.8, below the average telecommunications industry P/E ratio of 130.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates American Tower as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. 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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