American Tower Corporation (REIT) (NYSE:AMT) had its price target boosted by Argus to $170.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Argus’ price objective would indicate a potential upside of 12.93% from the company’s current price.

A number of other research firms have also recently commented on AMT. Jefferies Group LLC reissued a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. UBS AG boosted their target price on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. Citigroup Inc. boosted their target price on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $155.85.

Shares of American Tower Corporation (NYSE AMT) opened at $150.54 on Thursday. The company has a market cap of $65,108.92, a PE ratio of 23.50, a PEG ratio of 1.79 and a beta of 0.74. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42. American Tower Corporation has a one year low of $99.72 and a one year high of $155.28.

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In other American Tower Corporation (REIT) news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $145.89, for a total value of $4,960,260.00. Following the transaction, the chairman now directly owns 304,707 shares in the company, valued at approximately $44,453,704.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela D. A. Reeve sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the completion of the transaction, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The disclosure for this sale can be found here. Insiders sold a total of 113,747 shares of company stock worth $16,054,543 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. CIBC World Markets Inc. boosted its holdings in American Tower Corporation (REIT) by 100.6% in the 2nd quarter. CIBC World Markets Inc. now owns 21,261 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 10,663 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in American Tower Corporation (REIT) by 33.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 81,470 shares of the real estate investment trust’s stock valued at $10,780,000 after purchasing an additional 20,222 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in American Tower Corporation (REIT) by 9.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 349,736 shares of the real estate investment trust’s stock valued at $46,277,000 after purchasing an additional 30,885 shares during the last quarter. BTC Capital Management Inc. boosted its holdings in American Tower Corporation (REIT) by 1.3% in the 2nd quarter. BTC Capital Management Inc. now owns 34,728 shares of the real estate investment trust’s stock valued at $4,592,000 after purchasing an additional 453 shares during the last quarter. Finally, Motco boosted its holdings in American Tower Corporation (REIT) by 6.8% in the 2nd quarter. Motco now owns 3,112 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 92.01% of the company’s stock.

About American Tower Corporation (REIT)

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Analyst Recommendations for American Tower Corporation (REIT) (NYSE:AMT)

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