Collins Stewart has published a research report on American Tower Corporation AMT following a strong quarter with further international expansion.
In the report, Collins Stewart writes "Last Friday, Buy rated American Tower reported stronger than expected 3Q10 results with revenue of $513.3mm (+15.6% y/y) vs. our $495.5mm (+11.6% y/y) and adjusted EBITDA margin of 68.2% compared to our 67.6% estimate. However, we note that financial performance was aided by contract modifications and FX, partially offset by expected churn. Adjusted for these one-time items, both revenue and EBITDA would have been in line with our expectations."
Collins Stewart maintains its Buy rating and $57 price target.
American Tower Corporation closed Friday $51.92.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst Ratingsamerican tower corpCollins StewartTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in