Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

American Tower (AMT -4.5%) is diving on a downgrade to Neutral from Citi. The firm cites a high...

  • Wednesday, July 18, 2012, 2:37 PM ET
    American Tower (AMT -4.5%) is diving on a downgrade to Neutral from Citi. The firm cites a high valuation following a strong run-up over the last 12 months, and a lack of "meaningful upside" to Street estimates. Other wireless tower owners are lower in sympathy. SBAC -2%. CCI -2.7%.
Track new comments on this story

This news story has 1 comment:

  •  
    In an overal market environment that is less certain, the consistency of AMT's annuity stream rental revenues and growing dividend overtime as NOLs runoff and payout increases under new status as REIT, I don't think that "meaningful upside" to estimates is necessary for the stock to continue working higher. Sell-off today seems rather overdone.
    18 Jul 2012, 02:51 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »