American Tower Corporation (REIT) (AMT) has been under a strong bear grip, hence the stock is down -1.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The 4-week change in the price of the stock is -2.19% and the stock has fallen -0.33% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.95% and the fifty day Moving Average is 0.98%. American Tower Corporation is up 7.29% in the last three month period. Year-to-Date the stock performance stands at 17.94%.
American Tower Corporation (REIT) (AMT) : The most positive equity analysts on American Tower Corporation (REIT) (AMT) expects the shares to touch $138, whereas, the least positive believes that the stock will trade at $110 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $126.33 with an expected fluctuation of $8.67 from the mean.
American Tower Corporation (REIT) (NYSE:AMT): On Fridays trading session , Opening price of the stock was $114.44 with an intraday high of $115. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $112.29. However, the stock managed to close at $113.23, a loss of 0.89% for the day. On the previous day, the stock had closed at $114.25. The total traded volume of the day was 1,665,700 shares.
American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.