Canaccord Genuity Starts American Tower (AMT) at Buy; Positioned as Highest Growth Tower Co.
Tweet
Share
E-mailGet Alerts AMT Hot Sheet
Price: $175.58 +0.80%
Rating Summary:
31 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
31 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Canaccord Genuity initiates coverage on American Tower (NYSE: AMT) with a Buy. PT $70.00.
Analyst, Greg Miller, said, "As the company uses up its NOLs in the next few years, we believe dividend yield will likely increase to levels similar to comparable REITs, driving additional investor interest and its share price. We believe conservative 2012 guidance should provide additional upside."
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 $62.27 yesterday.
Analyst, Greg Miller, said, "As the company uses up its NOLs in the next few years, we believe dividend yield will likely increase to levels similar to comparable REITs, driving additional investor interest and its share price. We believe conservative 2012 guidance should provide additional upside."
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 $62.27 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- American Tower (AMT) PT Lowered to $207 at Truist Securities
- Jefferies Starts Aehr Test Systems (AEHR) at Buy
- Leerink Starts Freenome Inc. (FRNM) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
