Is American Tower Corporation (NYSE:AMT) a Long Term Growth Play?

Shaers of American Tower Corporation (NYSE:AMT) have been recommended as a long term growth pick according to Beta Research.  With the firm’s stock price currently trading around $137.09, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 14.80% earnings per share growth over the past 5 years and 18.80% revenue growth over that same time frame. 


Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, American Tower Corporation (NYSE:AMT)’s stock was 29.72%.  Over the last week of the month, it was 0.31%, 2.40% over the last quarter, and  11.67% for the past six months. 

Over the past 50 days, American Tower Corporation’s stock is -7.81% off of the high and 2.50% removed from the low.  Their 52-Week High and Low are as follows: -7.81% (High), 37.47%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $153.81 on the equity.   Analysts have a consensus recommendation of 1.70 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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