Guggenheim May Have Just Lost Faith in American Tower (AMT)

July 16, 2018 - By Lisa Delgado

American Tower Corporation (NYSE:REIT) Logo

American Tower (AMT) Receives a Downgrade

The Rating of American Tower (AMT) shares have been cut by Guggenheim from a Buy rating to a Neutral rating in a report released on 16 July.

The stock decreased 0.69% or $0.99 during the last trading session, reaching $142.24. About 595,108 shares traded. American Tower Corporation (AMT) has risen 4.03% since July 16, 2017 and is uptrending. It has underperformed by 8.54% the S&P500.

Analysts await American Tower Corporation (NYSE:REIT) to report earnings on July, 26. They expect $1.74 earnings per share, up 3.57 % or $0.06 from last year’s $1.68 per share. AMT’s profit will be $768.49 million for 20.44 P/E if the $1.74 EPS becomes a reality. After $1.73 actual earnings per share reported by American Tower Corporation for the previous quarter, Wall Street now forecasts 0.58 % EPS growth.

American Tower Corporation is a real estate investment trust. The company has market cap of $62.82 billion. It invests in the real estate markets across the globe. It has a 54.08 P/E ratio.

Another recent and important American Tower Corporation (NYSE:REIT) news was published by which published an article titled: “Alexanders: A Quality REIT At A Substantial Discount From Its True Value” on July 13, 2018.

American Tower Corporation (NYSE:REIT) Ratings Chart

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