Citadel Securities Maintains a 'Neutral' American Tower (AMT); International Expansion Keeps Accelerating
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Price: $174.21 +1.15%
Rating Summary:
31 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
Rating Summary:
31 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
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Citadel Securities maintains a 'Neutral' American Tower (NYSE: AMT) price target of $50.00.
Citadel analyst says, "American Tower's results showed the same slowing leasing activity in the U.S. as we've seen at Crown Castle and SBA; we would look for the company to comment on 2H expectations for U.S. activity, including any impact from Sprint. Although we believe the growing international exposure presents incremental investment risks, we believe American Tower has enough positive business drivers to provide support for the stock's valuation."
For more ratings news on American Tower click here and for the rating history of American Tower click here.
Shares of American Tower closed at $52.50 yesterday.
Citadel analyst says, "American Tower's results showed the same slowing leasing activity in the U.S. as we've seen at Crown Castle and SBA; we would look for the company to comment on 2H expectations for U.S. activity, including any impact from Sprint. Although we believe the growing international exposure presents incremental investment risks, we believe American Tower has enough positive business drivers to provide support for the stock's valuation."
For more ratings news on American Tower click here and for the rating history of American Tower click here.
Shares of American Tower closed at $52.50 yesterday.
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