Jefferies Keeps Their Buy Rating on American Tower (AMT)

Jefferies analyst Jonathan Petersen maintained a Buy rating on American Tower (AMTResearch Report) yesterday and set a price target of $300.00. The company’s shares closed last Tuesday at $255.49.

According to, Petersen is a 5-star analyst with an average return of 9.5% and a 64.6% success rate. Petersen covers the Financial sector, focusing on stocks such as National Storage Affiliates, Rexford Industrial Realty, and First Industrial Realty.

American Tower has an analyst consensus of Strong Buy, with a price target consensus of $291.75, representing a 13.5% upside. In a report issued on July 1, KeyBanc also maintained a Buy rating on the stock with a $283.00 price target.

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American Tower’s market cap is currently $117.7B and has a P/E ratio of 44.20.

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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.

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