American Tower Corp (NYSE:AMT) had its target price boosted by RBC Capital from $96.00 to $102.00 in a report issued on Friday, Analyst Ratings News reports. They currently have an outperform rating on the stock.
In other American Tower Corp news, EVP Edmund Disanto sold 25,000 shares of the stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $80.99, for a total transaction of $2,024,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on AMT. Analysts at Cowen and Company raised their price target on shares of American Tower Corp from $110.00 to $115.00 in a research note to investors on Friday. They now have an outperform rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of American Tower Corp from $90.00 to $95.00 in a research note to investors on Thursday, October 31st. They now have an overweight rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of American Tower Corp from $92.00 to $105.00 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $90.53.
Shares of American Tower Corp (NYSE:AMT) traded down 0.51% on Friday, hitting $78.60. 3,245,849 shares of the company’s stock traded hands. American Tower Corp has a one year low of $67.89 and a one year high of $85.26. The stock’s 50-day moving average is $76.05 and its 200-day moving average is $75.72. The company has a market cap of $31.028 billion and a price-to-earnings ratio of 53.74.
American Tower Corp (NYSE:AMT) last announced its earnings results on Wednesday, October 30th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.08. The company had revenue of $807.90 million for the quarter, compared to the consensus estimate of $822.04 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that American Tower Corp will post $1.69 earnings per share for the current fiscal year.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.