Bank of America provided color on American Tower AMT. In a research report published today, Bank of America commented on the company's Q2 results, which are due to be published on Tuesday, August 2.
In the report, Bank of America states, “We expect AMT to update 2011 guidance to reflect the recent closing
of deals in its acquisition pipeline. Our '11 rental and mgmt revenue is $2.33b, at
the high end of $2.30-2.34b guidance and our '11 adj. EBITDA is $1.56b, again
at the high end of $1.53-1.57b guidance. Our estimates are at the high end of
AMT's outlook as a result of including in our model acquisitions in AMT's pipeline
that are expected to close by year-end but are excluded from current guidance.”
At the moment, the rating agency has a Buy rating and a price target of $65 placed on the company's stock. On Friday, AMT closed the day at $52.53.
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 RatingsBank of AmericaTelecommunication 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