American Tower Corporation (REIT) (AMT) : During the past 4 weeks, traders have been relatively bearish on American Tower Corporation (REIT) (AMT), hence the stock is down -3.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.45% relative to the S&P 500. The 4-week change in the price of the stock is -3.59% and the stock has fallen -2.48% in the past 1 week.
American Tower Corporation is up 9.77% in the last 3-month period. Year-to-Date the stock performance stands at 18.34%. The stock has recorded a 20-day Moving Average of 2.2% and the 50-Day Moving Average is 0.08%.
American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $114.18 on Friday but the bulls could not build on the opening and the stock topped out at $114.57 for the day. The stock traded down to $113.25 during the day, due to lack of any buying support eventually closed down at $113.61 with a loss of -0.65% for the day. The stock had closed at $114.35 on the previous day. The total traded volume was 3,096,721 shares.
Also, Argus Research maintains its view on American Tower Corporation (REIT) (NYSE:AMT) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Argus Research raises the price target from $120 per share to $130 per share on American Tower Corporation (REIT). The rating by the firm was issued on August 17, 2016.
American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.