American Tower Upside Seen From REIT Fund Demand

By | April 1, 2015

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American Tower’s (AMT) revenue growth will reaccelerate in 2016 as wireless phone companies focus on utilizing newly acquired spectrum, says Raymond James Associates, which upgraded the stock to strong buy. American Tower rose 2.5% in the stock market today to near 96.50, but it’s down more than 2% this year. The cellphone tower operator’s stock has slid 8% since hitting an all-time high of 105 in late November. Analyst Ric Prentiss, in a report, Scalper1 News

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