Deutsche Bank Comments On American Tower Results

According to Deutsche Bank, American Tower Corp. AMT reports 1Q11 results pre-market on Tuesday, May 3rd. Deutsche Bank said that it expects AMT to report solid 1Q results and potentially increase its outlook to account for announced tower acquisitions not yet incorporated into its 2011 guidance ranges. “In addition, we expect management to provide additional color on its potential REIT conversion which is targeted for 1/1/12. We note, AMT continues to trade at a discount to comparable large-cap blue chip REITs despite the strong secular growth trends in tower demand. Reiterate BUY.” American Tower Corp. closed yesterday at $52.31.