American Tower Corporation (NYSE:AMT) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 11.8% in the past one-month time frame.
The move came after the company reported solid third-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
American Tower currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the REIT and Equity Trust – Other industry is Alexandria Real Estate Equities, Inc. (NYSE:ARE) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is AMT going up? Or down? Predict to see what others think: Up or Down
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American Tower Corporation (REIT) (AMT): Free Stock Analysis Report
Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report
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