American Tower (AMT) Earns a Buy Watch rating as it Enters Undervalued Territory

For a company that is an owner, operator and developer of wireless and broadcast communications real estate it is at the center of the wireless expansion across the country. The Company’s main business is leasing antenna space on multi-tenant communications sites to different providers. Efficiencies obtained by the wireless carriers in this arena is key to the wireless providers. After a stellar climb to the upside since 2009 the stock has taken a pause as a result of the overall slower economy beginning last year. The potential to move back into fair value and above is certainly a high probability once the stock turns to the upside. This is a Market rated stock.

 

By | 2016-02-10T07:30:06+00:00 February 10th, 2016|Categories: Money Basics|0 Comments

About the Author:

Steven Albrecht was the President and CEO of Charter Trust Company from 2001-2016

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