Shares of American Tower Corp. (NYSE:AMT) have been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the firm. One research analyst has rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $122.70.

Several brokerages have recently weighed in on AMT. Jefferies Group reissued a “buy” rating on shares of American Tower Corp. in a research report on Saturday, August 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $135.00 target price on shares of American Tower Corp. in a research report on Friday, November 4th. Argus upped their target price on shares of American Tower Corp. from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of American Tower Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Finally, SunTrust Banks Inc. began coverage on shares of American Tower Corp. in a research report on Monday, September 12th. They issued a “buy” rating and a $128.00 target price on the stock.

In other American Tower Corp. news, Director Carolyn Katz sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $116.34, for a total value of $581,700.00. Following the completion of the sale, the director now owns 14,484 shares of the company’s stock, valued at $1,685,068.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Samme L. Thompson sold 2,202 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $116.13, for a total value of $255,718.26. Following the completion of the sale, the director now directly owns 16,063 shares of the company’s stock, valued at approximately $1,865,396.19. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in AMT. Cornerstone Advisors Inc. boosted its position in shares of American Tower Corp. by 95.6% in the third quarter. Cornerstone Advisors Inc. now owns 988 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 483 shares in the last quarter. Capital Analysts LLC boosted its position in shares of American Tower Corp. by 158.1% in the second quarter. Capital Analysts LLC now owns 2,395 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,467 shares in the last quarter. Financial Architects Inc boosted its position in shares of American Tower Corp. by 15.5% in the second quarter. Financial Architects Inc now owns 1,289 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 173 shares in the last quarter. Kernodle & Katon Asset Management Group LLC boosted its position in shares of American Tower Corp. by 3.3% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,474 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 47 shares in the last quarter. Finally, WFG Advisors LP boosted its position in shares of American Tower Corp. by 1.2% in the second quarter. WFG Advisors LP now owns 1,473 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 18 shares in the last quarter. 95.06% of the stock is owned by institutional investors.

American Tower Corp. (NYSE:AMT) traded up 1.32% on Thursday, reaching $106.82. 1,516,492 shares of the company traded hands. The stock has a 50 day moving average of $111.99 and a 200-day moving average of $111.54. The stock has a market capitalization of $45.47 billion, a price-to-earnings ratio of 53.46 and a beta of 0.69. American Tower Corp. has a 1-year low of $83.07 and a 1-year high of $118.26.

American Tower Corp. (NYSE:AMT) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.03. American Tower Corp. had a net margin of 17.37% and a return on equity of 14.05%. The business earned $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that American Tower Corp. will post $5.74 EPS for the current year.

American Tower Corp. Company Profile

American Tower Corporation is a holding company. The company owns, operates and develops wireless and broadcast communications real estate. Its primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities.

5 Day Chart for NYSE:AMT

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