Notable 52-Week Highs and Lows of the Day 11/01: (AMT) (AKRX) (SPRD) High; (RIMM) (PCS) (AMED) Low

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AMT Hot Sheet

Overall Analyst Rating:
BUY (= Flat)

Dividend Yield: 1.3%
Revenue Growth %: +23.8%

This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:

American Tower Corp. (NYSE: AMT) high of $58.00. American Tower is 5 percent better on Tuesday's session following its quarterly report. American Tower reported a GAAP loss of 4 cents per share and revenue of $630.4 million. Recurring free cash flow in the quarter came in at 61 cents per share. The Street was looking for earnings of 25 cents per share and revenue of $617.3 million.

Looking ahead, American Tower sees fiscal 2011 rental and management revenue of $2.36 to $2.39 billion. The consensus is looking for $2.41 billion, but American Tower's outlook doesn't includde network development service revenue, which added about 2.5 percent to the top line last quarter.
Akorn, Inc. (Nasdaq: AKRX) high of $10.14. Akorn reported third-quarter earnings of 13 cents per share with revenue of $36.6 million, beating views calling for earnings of 7 cents per share and revenue of $33.1 million. Looking ahead, Akorn sees fiscal 2011 revs of $130 to $132 million, compared with the Street consensus of $124.5 million. Akorn moved nearly 13 percent higher to the new mark Tuesday.
Spreadtrum Communications Inc. (Nasdaq: SPRD) high of $27.40. Spreadtrum is making an afternoon run ahead of earnings. Earlier in the session, Jefferies revised expectations on Spreadtrum, now seeing the company besting third-quarter earnings expectations and issuing strong fourth-quarter guidance.

Spreadtrum is expected to report results Wednesday, November 9th, after the market closes.

52-Week Low:

Research In Motion Limited (Nasdaq: RIMM) low of $19.00. RIM just bouncing off the $19 support level Tuesday, as the company continues showing weakness. At this time last year, RIM stock was near $60 per share, meaning investors are at a paper loss of 65 to 70 percent of they've held it since then.

In other news, Nokia (NYSE: NOK) is aiming to re-enter North America sometime in early 2012, according to CEO Stephen Elop today.
MetroPCS Communications, Inc. (NYSE: PCS) low of $7.58. MetroPCS reported third-quarter earnings of 19 cents per share with revenue of $1.21 billion, missing views calling for 23 cents per share of earnings and $1.22 billion of revenue. The stock dropped about 10 percent on the session.
Amedisys Inc. (Nasdaq: AMED) low of $9.83. Amedisys fell about 25 percent Tuesday after a dour quarterly report. Earnings in the quarter were 36 cents per share with revenue of $374.9 million, mixed to consensus views calling for more robust earnings of 50 cents per share and revenue of just $372 million.

Looking ahead, it doesn't get much better. Amedisys cut its fiscal 2011 earnings outlook from a range of $2.20 to $2.40, to a new range of $1.90 to $2.00. The Street was looking for earnings of $2.30 per share.
Avon Products Inc. (NYSE: AVP) low of $17.55. Avon Products moved about 4 percent lower Tuesday, following a downgrade by Jefferies, from Buy to Hold, and its price target moved from $33 to $20. Jefferies cites deteriorating fundamentals on the call. Avon saw a bit of a drop last week, following its earnings miss on October 27th. Implied volatility is also at an annual high of 49.7.