Impact of Brokerage Rating on American Tower Corporation (REIT)(AMT)

Many American Tower Corporation (REIT)(AMT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. American Tower Corp was Initiated by Guggenheim to Neutral on Dec 16, 2016. American Tower Corp was Initiated by Macquarie to Outperform on Dec 6, 2016.

Company has reported several Insider transactions to the SEC, on Feb 9, 2017, James D Jr Taiclet (Chairman, President and CEO) sold 40,000 shares at 103.33 per share price.On Dec 14, 2016, Amit Sharma (EVP, Asia) sold 88,904 shares at 104.00 per share price.On Oct 26, 2016, Samme L Thompson (director) sold 2,202 shares at 116.13 per share price.

American Tower Corp Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $1.31. The company had revenue of $1514.84 million for the quarter, compared to analysts expectations of $1510.02 million. The companys revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

American Tower Corporation (REIT) (NYSE:AMT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.08 by 13 Brokerage Firm. 12 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.

American Tower Corporation (REIT) (NYSE:AMT) should head towards $132.67 per share according to 12 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $120 per share. The higher price estimate target is at $142 according to the Analysts.

American Tower Corporation (REIT) (NYSE:AMT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.72% or 0.77 points. After the session commenced at $107.64, the stock reached the higher end at $107.64 while it hit a low of $105.82. With the volume soaring to 1,580,607 shares, the last trade was called at $106.78. The company has a 52-week high of $118.26. The company has a market cap of $45,586 million and there are 426,913,750 shares in outstanding. The 52-week low of the share price is $85.67.

American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.

American

For any feedback and suggestions contact author at Jim.Swaby@thefoundersdaily.com

Add Comment