|Day's Range||38.08 - 38.36|
|52 Week Range||36.10 - 43.89|
|PE Ratio (TTM)||18.66|
|Dividend & Yield||1.96 (5.12%)|
|1y Target Est||N/A|
Pacific Crest Securities We continue to have a high level of confidence that 2018 is going to be better than 2017 from the standpoint of domestic organic growth for the entire communications-services industry. FirstNet, WCS, AWS-3, and 600 MHz spectrum deployment could set a high-water mark. While we are modeling a modest acceleration in domestic growth for American Tower to 6.5% in 2018 versus our estimate of 6.3% in 2017, we believe our 6.5% estimate could fall short of an eventual upper 6% to low 7% range.
AT&T Inc. has leapfrogged Exxon Mobil Corp. in Forbes’ 2017 Global 2000 list , taking over the perch as the largest public company in Texas. The Dallas telecom giant moved up a spot to 11th in this year’s edition of the rankings, which give equal sway to sales, profits, assets and market value. The top nine companies on Forbes’ list are based in either China or the U.S., rounded out by Japanese automaker Toyota Motor in 10th.
Verizon outbid AT&T with an all-stock deal for high-band spectrum owner Straight Path Communications. Is this a forward-thinking bargain or a $2.2 billion boondoggle?