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American Tower Corp (NYSE:AMT) CFO Thomas A. Bartlett sold 48,218 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $95.00, for a total value of $4,580,710.00. Following the sale, the chief financial officer now directly owns 33,105 shares in the company, valued at approximately $3,144,975. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

American Tower Corp (NYSE:AMT) traded up 0.89% on Friday, hitting $98.11. 1,873,949 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 $97.61. The stock’s 50-day moving average is $91.66 and its 200-day moving average is $85.87. The company has a market cap of $38.866 billion and a price-to-earnings ratio of 54.63. American Tower Corp also was the target of unusually large options trading on Friday. Stock investors bought 623 put options on the company. This represents an increase of approximately 125% compared to the typical volume of 277 put options.

American Tower Corp (NYSE:AMT) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue 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.

Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of American Tower Corp from $105.00 to $108.00 in a research note on Friday, August 1st. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of American Tower Corp in a research note on Thursday, July 31st. They now have a $112.00 price target on the stock, up previously from $106.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of American Tower Corp in a research note on Thursday, July 31st. They now have a $104.00 price target on the stock, up previously from $95.00. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. American Tower Corp has a consensus rating of “Buy” and an average price target of $102.73.

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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