UBS Raises Price Target on American Tower (AMT) to $110 Following 2Q Results

Go back to UBS Raises Price Target on American Tower (AMT) to $110 Following 2Q Results

American Tower Corporation Reports Second Quarter 2015 Financial Results

July 29, 2015 7:00 AM EDT

SECOND QUARTER 2015 HIGHLIGHTS

Consolidated Results

Total revenue increased 13.9% to $1,174 million Adjusted EBITDA increased 11.7% to $762 million AFFO increased 13.3% to $537 million

Segment Results

Domestic rental and management segment revenue increased 21.7%, or 21.2% on a core basis International rental and management segment revenue increased 1.6%, or 28.5% on a core basis Network development services segment revenue was $20 million

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT)... More