American Tower Corporation Reports Second Quarter 2016 Financial Results

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Go back to American Tower Corporation Reports Second Quarter 2016 Financial Results

Oppenheimer Remains Bullish on American Tower (AMT) Following 2Q Report

August 1, 2016 10:31 AM EDT

Oppenheimer reiterated an Outperform rating on American Tower (NYSE: AMT), and raised the price target to $128.00 (from $110.00), following the company's 2Q earnings report.

Analyst Timothy Horan commented, "AMT reported better-than-expected 2Q16 results, with strong international growth (+13.7%) offsetting slightly muted US growth (+5.6%), impacted by a $30M... More

American Tower (AMT) Reports Q2 FFO of $1.33

July 28, 2016 8:28 AM EDT

American Tower (NYSE: AMT) reported Q2 FFO of $1.33, $0.03 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.44 billion.

GUIDANCE:

American Tower sees Q3 2016 revenue of $5.615-5.705 billion, may not compare to... More