American Tower Corp Given Consensus Rating of “Buy” by Analysts (NYSE:AMT)
American Tower Corp (NYSE:AMT) has been given a consensus rating of “Buy” by the fifteen analysts that are currently covering the company, Analyst Ratings.Net reports. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $104.79.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of American Tower Corp from $104.00 to $109.00 in a research note on Wednesday, August 27th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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.
American Tower Corp (NYSE:AMT) opened at 98.545 on Tuesday. American Tower Corp has a 1-year low of $68.69 and a 1-year high of $99.90. The stock’s 50-day moving average is $95.55 and its 200-day moving average is $87.8. The company has a market cap of $39.038 billion and a P/E ratio of 55.39.
American Tower Corp (NYSE:AMT) last posted its quarterly 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 $2.26 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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