American Tower (AMT) Responds to Muddy Waters with Financial Info
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Wells Fargo Defends American Tower (AMT)
July 17, 2013 12:54 PM EDTWells Fargo defended American Tower (NYSE: AMT) on Wednesday after Muddy Waters criticized the company, recommending investors sell the stock.
"First, we strongly disagree with the report's contention that the tower business is under major technological threat from wifi and/or small cells or other solutions. Every carrier we speak with has stated... More
Muddy Waters Starts American Tower (AMT) at Strong Sell
July 17, 2013 9:51 AM EDTMuddy Waters rates American Tower Corporation (NYSE: AMT) shares a Strong Sell. In this latest report Muddy Waters highlights how:
We rate American Tower Corp. (NYSE: AMT) a Strong Sell and value it at $44.57 per share, representing downside of 40%. AMT has serious challenges domestically and internationally that have not been factored into the stock price. It has engaged in a value destroying investment binge overseas, and we have... More
