1. As of noon trading, American Tower ( AMT) is up $0.49 (0.7%) to $76.44 on average volume Thus far, 1.1 million shares of American Tower exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $75.76-$77.00 after having opened the day at $75.91 as compared to the previous trading day's close of $75.95.

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 $29.7 billion and is part of the real estate industry. The company has a P/E ratio of 42.5, above the S&P 500 P/E ratio of 17.7. Shares are up 27.0% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate American Tower a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full American Tower Ratings Report now.

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A reminder about TheStreet Ratings group: 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.

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