During the afternoon session, American Tower moved -1.4%, compared to 0.5% for the S&P 500.
American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts. The company is now trading -23.17% away from its average analyst target price of $251.18 per share. The 16 analysts following the stock have set target prices ranging from $224.0 to $275.0, and on average give American Tower a rating of buy.
Over the last year, AMT shares have gone down by -13.99%, which represents a difference of -4.76% when compared to the S&P 500. The stock's 52 week high is $278.37 per share and its 52 week low is $176.86. With its gross margins declining an average -10.22% over the last four years, American Tower may not have a strong enough business to reverse this trend.
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