American Tower (AMT) PT Raised to $180.00 at KeyCorp

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American Tower (NYSE:AMT) had its target price hoisted by stock analysts at KeyCorp from $170.00 to $180.00 in a report released on Tuesday, The Fly reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price points to a potential upside of 4.29% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Moffett Nathanson downgraded shares of American Tower from a “buy” rating to a “neutral” rating and set a $164.00 target price for the company. in a research note on Monday, December 3rd. Barclays upped their target price on shares of American Tower from $156.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Citigroup downgraded shares of American Tower from a “buy” rating to a “neutral” rating and upped their target price for the company from $161.00 to $176.00 in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of American Tower from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Wells Fargo & Co increased their target price on shares of American Tower from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Friday, November 16th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $167.00.

Shares of NYSE:AMT opened at $172.59 on Tuesday. American Tower has a 52 week low of $132.02 and a 52 week high of $173.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 3.11. The company has a market capitalization of $76.02 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.59 and a beta of 0.65.

In other news, Director Gustavo Lara sold 3,050 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $172.71, for a total value of $526,765.50. Following the transaction, the director now directly owns 9,940 shares of the company’s stock, valued at $1,716,737.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edmund Disanto sold 10,463 shares of the stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $167.04, for a total transaction of $1,747,739.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,841 shares of company stock valued at $34,946,471. Corporate insiders own 0.87% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of American Tower in the fourth quarter valued at about $25,000. Lavaca Capital LLC bought a new position in shares of American Tower in the fourth quarter valued at about $27,000. Acima Private Wealth LLC bought a new position in shares of American Tower in the fourth quarter valued at about $27,000. WESPAC Advisors SoCal LLC bought a new position in shares of American Tower in the fourth quarter valued at about $27,000. Finally, Citizens Financial Group Inc RI increased its position in American Tower by 62.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 196 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 75 shares during the period. 94.85% of the stock is currently owned by institutional investors.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 170,000 communications sites.

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The Fly

Analyst Recommendations for American Tower (NYSE:AMT)

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