American Tower Corp Given Consensus Rating of “Buy” by Brokerages (NYSE:AMT)
American Tower Corp (NYSE:AMT) has received a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $95.07.
A number of analysts have recently weighed in on AMT shares. Analysts at Zacks reiterated a “neutral” rating on shares of American Tower Corp in a research note on Wednesday, May 28th. They now have a $93.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of American Tower Corp from $102.00 to $105.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of American Tower Corp in a research note on Friday, May 2nd. They now have a $95.00 price target on the stock, up previously from $90.00.
Shares of American Tower Corp (NYSE:AMT) traded down 0.80% on Thursday, hitting $88.0603. The stock had a trading volume of 214,098 shares. American Tower Corp has a 1-year low of $67.89 and a 1-year high of $90.73. The stock’s 50-day moving average is $87.61 and its 200-day moving average is $82.47. The company has a market cap of $34.849 billion and a price-to-earnings ratio of 60.80.
American Tower Corp (NYSE:AMT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.01. The company had revenue of $984.10 million for the quarter, compared to the consensus estimate of $968.18 million. During the same quarter last year, the company posted $0.43 earnings per share. American Tower Corp’s revenue was up 22.6% compared to the same quarter last year. Analysts expect that American Tower Corp will post $2.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 16th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from American Tower Corp’s previous quarterly dividend of $0.32.
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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