UBS Raises Numbers on American Tower (AMT); Expect Dividend Growth to Exceed AFFO Growth In Next Couple Years

May 4, 2012 2:05 PM EDT Send to a Friend
Get Alerts AMT Hot Sheet
Price: $96.17 +0.31%

Rating Summary:
    18 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
Trade AMT Now!
Join SI Premium – FREE
UBS maintains a 'Buy' on American Tower (NYSE: AMT) price target raised from $72 to $75.

Analyst, Batya Levi, said, "AMT reported strong results, beating our estimate for rental rev growth in the US by 170 bps largely based on increased activity from AT&T (NYSE: T) and Verizon (NYSE: VZ). Management suggested organic growth in the U.S. was 8.5% while int’l organic growth was ahead at 9.3%. Management expects international growth to accelerate to double-digits in 2012."

UBS raises FY12 FFO from $1.74 to $1.90 and FY13 from $2.08 to $2.28.

For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.

Shares of American Tower closed at $67.05 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

UBS, Dividend

Add Your Comment