American Tower (NYSE:AMT) Rating Increased to Strong-Buy at Truist Financial

American Tower (NYSE:AMT) was upgraded by research analysts at Truist Financial to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their target price on American Tower from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 16th. BMO Capital Markets increased their price objective on shares of American Tower from $185.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Scotiabank reduced their price objective on shares of American Tower from $220.00 to $214.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 25th. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 target price on the stock in a research report on Monday, January 5th. Finally, Morgan Stanley lowered their target price on shares of American Tower from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower has an average rating of “Moderate Buy” and an average target price of $216.76.

American Tower Trading Up 1.3%

Shares of AMT opened at $172.53 on Monday. The stock’s 50-day moving average price is $181.32 and its 200 day moving average price is $182.06. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $80.41 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 0.72 and a beta of 0.92. American Tower has a 12-month low of $165.08 and a 12-month high of $234.33.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.79). American Tower had a return on equity of 24.36% and a net margin of 23.76%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the business posted $2.62 EPS. American Tower’s revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. As a group, research analysts predict that American Tower will post 10.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total value of $7,872,979.45. Following the sale, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rajesh Kalathur bought 2,671 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $185.30 per share, for a total transaction of $494,936.30. Following the acquisition, the director owned 4,936 shares in the company, valued at $914,640.80. The trade was a 117.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of American Tower

Large investors have recently added to or reduced their stakes in the company. Abound Wealth Management increased its holdings in shares of American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in American Tower during the 4th quarter worth approximately $25,000. Swiss RE Ltd. bought a new stake in American Tower during the 4th quarter worth approximately $25,000. Finally, Triumph Capital Management acquired a new stake in American Tower during the 3rd quarter valued at $29,000. 92.69% of the stock is owned by institutional investors.

American Tower Company Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.