American Tower Corporation (REIT) (AMT) : 14 analysts are covering American Tower Corporation (REIT) (AMT) and their average rating on the stock is 1.21, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. American Tower Corporation (REIT) (AMT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
American Tower Corporation (REIT) (AMT) : The consensus price target for American Tower Corporation (REIT) (AMT) is $126.5 for the short term with a standard deviation of $8.89. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $138, however, the pessimist price target for the company is $110.
Shares of American Tower Corporation appreciated by 0.96% during the last five trading days but lost 1.41% on a 4-week basis. American Tower Corporation is up 9.96% in the last 3-month period. Year-to-Date the stock performance stands at 20.02%. American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Tuesday. Though the stock opened at $115.21, the bulls momentum made the stock top out at $116.36 level for the day. The stock recorded a low of $115.02 and closed the trading day at $115.22, in the green by 0.52%. The total traded volume for the day was 1,924,725. The stock had closed at $114.62 in the previous days trading.
American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.