From Nasdaq:

In the latest trading session, American Tower (AMT) closed at $214.28, marking a -0.55% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.18%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.1%. Shares of the company have gone up by 2.25% over the past month, underperforming the Finance sector’s gain of 4.37% and the S&P 500’s gain of 2.75%.

American Tower is predicted to post an EPS of $2.18, indicating a 6.84% decline compared to the equivalent quarter last year. The latest consensus estimate predicts the revenue to be $2.73 billion. Investors should note that the REIT and Equity Trust – Other industry currently has an average PEG ratio of 2.37 as of yesterday’s close. Moreover, the industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 32% of all 250+ industries.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), offers an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. American Tower is currently sporting a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 21.11, indicating a premium compared to the average Forward P/E of 11.17 for its industry.

The PEG ratio, similar to the widely-used P/E ratio, is 1.57. These estimate alterations are directly linked with stock price performance in the near future. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Finally, be sure to utilize Zacks.com to follow AMT in the coming trading sessions.



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