American Tower Corporation (REIT)s in-depth stock price analysis indicates that the stock price has rallied 0.38% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -6.84% . Looking at the past 52 week period, the stock price is up at 23.14% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of American Tower Corporation (REIT) has a positive value of 3.23 compared to overall market. American Tower Corporation (REIT) (NYSE:AMT) has climbed 0.23% in the past week and advanced 1.97% in the last 4 weeks. The stocks have underperformed the S&P 500 by 0.58% during the past week but American Tower Corporation (REIT) (NYSE:AMT) it has outperformed the index in 4 weeks by 0.15%.
American Tower Corporation (REIT) (NYSE:AMT) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.29 points or 0.27% at $105.49 with 1,228,140 shares getting traded. Post opening the session at $105.5, the shares hit an intraday low of $104.73 and an intraday high of $105.76 and the price was in this range throughout the day. The company has a market cap of $45,035 million and the number of outstanding shares has been calculated to be 426,913,750 shares. The 52-week high of American Tower Corporation (REIT) (NYSE:AMT) is $118.26 and the 52-week low is $83.07.
American Tower Corp Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $1.31. The company had revenue of $1514.84 million for the quarter, compared to analysts expectations of $1510.02 million. The companys revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.American Tower Corp was Initiated by Guggenheim to Neutral on Dec 16, 2016. American Tower Corp was Initiated by Macquarie to Outperform on Dec 6, 2016.
Company has reported several Insider transactions to the SEC, on Feb 9, 2017, James D Jr Taiclet (Chairman, President and CEO) sold 40,000 shares at 103.33 per share price.On Dec 14, 2016, Amit Sharma (EVP, Asia) sold 88,904 shares at 104.00 per share price.On Oct 26, 2016, Samme L Thompson (director) sold 2,202 shares at 116.13 per share price.
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.