American Tower Touches 52-Week High Amid Multiple Risks

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Shares of Boston, MA-based, leading international wireless tower operator, American Tower Corp. AMT, hit a new 52-week high of $146.09 during the trading session on August 25, before closing a tad lower at $144.24, according to Zacks.

Over the past 52 weeks, American Tower’s shares have ranged from a low of $99.72 to a high of $146.09. The average volume of shares traded over the last three months is approximately 1.6 million. The stock has a market cap of $61.72 billion.

Over the last three months, the price performance of American Tower has been impressive, Zacks’ Research reported. The stock has soared 10.01%, outshining the industry‘s gain of 0.81% over the same time frame.

When compared to the market at large, the stock’s performance looks favorable, as the S&P 500 index and the broader Finance sector (which houses American Tower) has rallied 0.86% and 4.36%, respectively.  Taking the stable performance of the stock into consideration, Zacks‘ analysts expect American Tower to scale higher in the coming quarters.

August 30, 2017     

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