American Tower Corp PT Raised to $100.00 at Nomura (AMT)
Nomura upped their price target on shares of American Tower Corp (NYSE:AMT) from $90.00 to $100.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Nomura’s price target would suggest a potential upside of 5.99% from the stock’s previous close.
In other American Tower Corp news, CFO Thomas A. Bartlett unloaded 16,666 shares of American Tower Corp stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $95.00, for a total transaction of $1,583,270.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
American Tower Corp (NYSE:AMT) traded down 0.04% on Thursday, hitting $94.35. 1,720,376 shares of the company’s stock traded hands. American Tower Corp has a 52-week low of $67.89 and a 52-week high of $97.56. The stock has a 50-day moving average of $90.89 and a 200-day moving average of $85.51. The company has a market cap of $37.363 billion and a P/E ratio of 53.03.
American Tower Corp (NYSE:AMT) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $999.15 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, analysts predict that American Tower Corp will post $2.25 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of American Tower Corp from $100.00 to $108.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of American Tower Corp in a research note on Monday, July 21st. They now have a $105.00 price target on the stock, up previously from $93.00. Finally, analysts at Credit Suisse initiated coverage on shares of American Tower Corp in a research note on Friday, June 13th. They set an “outperform” rating and a $101.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $102.13.
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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