American Tower Corporation (REIT) (AMT): Price Target and June Short Interest Disclosure

American Tower Corporation (REIT) (AMT) : The most positive equity analysts on American Tower Corporation (REIT) (AMT) expects the shares to touch $135, whereas, the least positive believes that the stock will trade at $110 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $119.54 with an expected fluctuation of $7.86 from the mean.

American Tower Corporation (REIT) (AMT) has seen a rise of 182,054 shares or 3.3% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 30,2016, stood at 5,692,649 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 2,249,343 shares. On June 15,2016, 5,510,595 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of American Tower Corporation (REIT) (NYSE:AMT). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $121 per share from a prior target of $108. The rating by the firm was issued on June 16, 2016.


American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Thursday. Though the stock opened at $115.99, the bulls momentum made the stock top out at $117.1599 level for the day. The stock recorded a low of $115.64 and closed the trading day at $117, in the green by 0.85%. The total traded volume for the day was 2,344,478. The stock had closed at $116.01 in the previous days trading.

American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.

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