American Tower Corp PT Raised to $115.00 (AMT)
Investment analysts at Cowen and Company raised their price target on shares of American Tower Corp (NYSE:AMT) from $110.00 to $115.00 in a note issued to investors on Friday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target indicates a potential upside of 44.89% from the company’s current price.
A number of other analysts have also recently weighed in on AMT. 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. Separately, 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. Finally, analysts at Barclays 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. Two analysts have rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.53.
In other American Tower Corp news, EVP Edmund Disanto sold 25,000 shares of American Tower Corp stock 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 filing with the SEC, which is available at this link.
Shares of American Tower Corp (NYSE:AMT) opened at 79.37 on Friday. American Tower Corp has a 52-week low of $67.89 and a 52-week high of $85.26. The stock’s 50-day moving average is $75.90 and its 200-day moving average is $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 posted its quarterly 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 last year, the company posted $0.58 earnings per share. American Tower Corp’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that American Tower Corp will post $1.70 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.
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