American Tower Corp PT Raised to $102.00 at RBC Capital (AMT)
Research analysts at RBC Capital increased their price target on shares of American Tower Corp (NYSE:AMT) from $96.00 to $102.00 in a report released on Friday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 28.51% from the company’s current price.
Shares of American Tower Corp (NYSE:AMT) opened at 79.37 on Friday. American Tower Corp has a one year low of $67.89 and a one year high of $85.26. The stock has a 50-day moving average of $75.90 and a 200-day moving average of $75.79. The company has a market cap of $31.351 billion and a P/E ratio of 49.59.
American Tower Corp (NYSE:AMT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that American Tower Corp will post $1.70 earnings per share for the current fiscal year.
In other American Tower Corp news, EVP Edmund Disanto sold 25,000 shares of American Tower Corp stock on the open market in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $80.99, for a total value of $2,024,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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. 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. They now have a “buy” rating on the stock. Two 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.53.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures.
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