5. American Tower ( AMT) has over 40,000 broadcast and wireless communications sites in the U.S., Brazil, Chile, Colombia, Ghana, India, Mexico, Peru and South Africa.

Of the 23 analysts covering the stock, 91% recommend a buy and 4% suggest a hold. Analysts' average 12-month price target for the stock is $65.35, about 11.5% higher than the current price, according to Bloomberg.

For the third quarter of fiscal 2011, AMT reported total revenue of $630.4 million, an increase of 22.8%. Total rental and management revenue increased 23% to $614.8 million. Adjusted EBITDA rose 14.5% to $400.6 million, and operating income grew 7% to $228.3 million.

Revenue from the company's international rental and management division amplified 78.9% to $178 million, or 28% of total revenue. Furthermore, gross margin of the division increased 61.4% to $113.2 million, while operating profit improved 60.2% to $91.5 million.

American Tower recently announced a definitive agreement with MTN Group for establishing a new joint venture tower company in Uganda, which will acquire about 1,000 existing tower sites from MTN Group's operating subsidiary in Uganda for over $175 million. American Tower will be the major shareholder of ATC Uganda with a 51% holding. The transaction also involves ATC Uganda constructing 280 tower sites for MTN Uganda over the next three years.

For fiscal 2011, the company expects adjusted EBITDA of $1.58 billion to $1.60 billion.

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