Of any company associated in any way with broadcast media, American Tower Corp., born out of the former American Radio Systems, has long enjoyed the strongest share value for its publicly traded stock.
Even with a 3% dip in early trading on Tuesday, a reaction to a third quarter revenue miss, “AMT” — a NYSE-traded issue — has proven to be one of Wall Street’s best bets for investors. Shares are up 25% over the last 52 weeks, despite flat activity year-to-date.
