American Tower Co. (NYSE:AMT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

American Tower Co. (NYSE:AMTGet Rating) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $291.29.

A number of analysts have commented on AMT shares. KeyCorp boosted their target price on American Tower from $283.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 2nd. Bank of America began coverage on shares of American Tower in a research report on Sunday, June 5th. They set a “buy” rating and a $315.00 price target for the company. Morgan Stanley upped their price target on shares of American Tower from $252.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Friday, September 16th. Royal Bank of Canada upped their price objective on shares of American Tower from $282.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Citigroup cut their target price on shares of American Tower from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, July 18th.

Insider Transactions at American Tower

In related news, Director Robert D. Hormats sold 150 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $254.53, for a total value of $38,179.50. Following the completion of the transaction, the director now owns 6,571 shares in the company, valued at approximately $1,672,516.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On American Tower

Several large investors have recently bought and sold shares of AMT. Charter Oak Capital Management LLC purchased a new stake in American Tower in the second quarter worth approximately $26,000. Canton Hathaway LLC purchased a new stake in shares of American Tower in the second quarter worth $29,000. Pinnacle Holdings LLC purchased a new stake in shares of American Tower in the first quarter worth $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of American Tower during the second quarter valued at $30,000. Finally, Financial Management Professionals Inc. lifted its holdings in American Tower by 63.5% in the second quarter. Financial Management Professionals Inc. now owns 121 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 47 shares during the period. 91.03% of the stock is currently owned by institutional investors.

American Tower Trading Down 1.6 %

Shares of AMT opened at $234.15 on Thursday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $109.02 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 2.25 and a beta of 0.48. The company has a 50-day moving average of $262.18 and a 200 day moving average of $253.61. American Tower has a 1-year low of $220.00 and a 1-year high of $294.92.

American Tower (NYSE:AMTGet Rating) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.99. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. American Tower had a net margin of 27.23% and a return on equity of 28.93%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.42 EPS. On average, research analysts expect that American Tower will post 9.47 EPS for the current year.

American Tower Company Profile

(Get Rating)

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at

Read More

Analyst Recommendations for American Tower (NYSE:AMT)

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with's FREE daily email newsletter.