American Tower (AMT) Stock Sinks As Market Gains: Here's Why

American Tower (AMT) closed at $172.92, down 1.76% in the recent trading session, underperforming the S&P 500's 0.46% gain. The wireless communications infrastructure company is expected to report EPS of $2.82 (up 1.44% YoY) and revenue of $2.77 billion (up 2.06% YoY). AMT holds a Zacks Rank #2 (Buy) rating with a Forward P/E of 15.9, trading at a premium to its industry average of 12.72.