Seeking Alpha

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

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%.
Comments (1)
  • dankourny
    , contributor
    Comments (27) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs