American Tower Corporation (REIT) (AMT) : Analyst Rating Update

American Tower Corporation (REIT) (AMT) : Zacks Investment Research ranks American Tower Corporation (REIT) (AMT) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.27, which indicates as a Strong Buy.

American Tower Corporation (REIT) (AMT) : 13 Wall Street analysts covering American Tower Corporation (REIT) (AMT) believe that the average level the stock could reach for the short term is $119.54. The maximum price target given is $135 and the minimum target for short term is around $110, hence the standard deviation is calculated at $7.86.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $113.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $113.52 for the day. The stock traded down to $111.62 during the day, due to lack of any buying support eventually closed down at $112.40 with a loss of -1.26% for the day. The stock had closed at $113.83 on the previous day. The total traded volume was 2,411,598 shares.

Also, In a research note released to the investors, Citigroup maintains its rating on American Tower Corporation (REIT) (NYSE:AMT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $108 per share to $121 per share. The rating by the firm was issued on June 16, 2016. The company shares have rallied 20.48% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $114.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $107.89 and the 200 Day Moving Average price is recorded at $100.16.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.