May 2 marked another trading session on Wall Street full of ups and downs for media companies.
For American Tower Corp., a 1% gain to $136.47 helped the owner of broadcast towers move in the right direction after a recent dip below the key $140 level.
AMT broke the $146 mark in mid-March, following a jump from $134 seen on March 2.
Additionally, AMT shares have not dipped below $133 in the past year, making it a company with stability and solid returns; American Tower went ex-Dividend on April 10.
American Tower has a one-year Target Estimate of $160.
For a full look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.
