tiprankstipranks
Blurbs

American Tower (AMT) Gets a Buy Rating from RBC Capital

In a report issued on June 19, Jonathan Atkin from RBC Capital maintained a Buy rating on American Tower (AMTResearch Report), with a price target of $282.00. The company’s shares closed last Friday at $236.17.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 15.4% and a 74.6% success rate. Atkin covers the Technology sector, focusing on stocks such as Cyxtera Technologies, Megaport Ltd., and GDS Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Tower with a $288.25 average price target, a 23.3% upside from current levels. In a report issued on June 5, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $315.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on American Tower’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.66 billion and net profit of $712 million. In comparison, last year the company earned revenue of $2.16 billion and had a net profit of $645 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1995, Massachusetts-based American Tower Corp. is one of the largest real estate investment trusts and is a leading independent owner and operator of wireless and broadcast communications infrastructure in several countries worldwide.

Read More on AMT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
---

Latest News Feed