Friday, August 23, 2013

American Tower Sets New 1-Year Low: Should You Buy Or Sell The Stock?

American Tower Corporation (AMT) set a new 52-week low on Thursday according to The company traded as low as $67.89 and last traded at $68.76, with a volume of 1,638,107 shares. The stock had previously closed at $69.03.

A few weeks earlier, analysts had rated the AMT stock with a buy rating. However, the People’s Post reported that, “Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $86.18.”

American Tower Corp has a 52 week low of $68.03 and a 52 week high of $85.26. The stock has a 50-day moving average of $72.07 and a 200-day moving average of $76.61. The company has a market cap of $27.207 billion and a price-to-earnings ratio of 43.14. (Source: People’s Post)

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