American Tower traded at $173.36 this Friday July 31st, decreasing $1.10 or 0.63 percent since the previous trading session. Looking back, over the last four weeks, American Tower lost 4.38 percent. Over the last 12 months, its price fell by 18.27 percent. Looking ahead, we forecast American Tower to be priced at 169.68 by the end of this quarter and at 159.12 in one year, according to Trading Economics global macro models projections and analysts expectations.
American Tower Corporation (ATC) is a holding company. It operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. Its segments include U.S. & Canada property, Asia-Pacific property, Africa property, Europe property, Latin America property and services. Its U.S. & Canada property segment includes operations in Canada and the United States. Its Asia-Pacific property segment includes operations in Australia and India. The Africa property segment includes operations in Burkina Faso, Ghana, Kenya, Niger, Nigeria, South Africa and Uganda. The Europe property segment includes operations in France, Germany and Poland. The Latin America property segment includes operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Paraguay and Peru. Its services segment offers tower-related services in the United States.