American Tower (NYSE:AMT) hit a new 52-week high Thursday as it is currently trading at $80.45, above its previous 52-week high of $79.98 with 158,644 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- American Tower (NYSE: AMT) hit a new 52-week high Thursday as it is currently trading at $80.45, above its previous 52-week high of $79.98 with 158,644 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. American Tower has a market cap of $31.33 billion and is part of the financial sector and real estate industry. Shares are up 3.4% year to date as of the close of trading on Wednesday. American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company has a P/E ratio of 49.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance and expanding profit margins. 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. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.