American Tower Corporation (REIT) (AMT) Receives Price Target

American Tower Corporation (REIT) (AMT) : 12 Wall Street analysts covering American Tower Corporation (REIT) (AMT) believe that the average level the stock could reach for the short term is $126.33. The maximum price target given is $138 and the minimum target for short term is around $110, hence the standard deviation is calculated at $8.67.

American Tower Corporation (REIT) (AMT) : 12 brokerage houses believe that American Tower Corporation (REIT) (AMT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on American Tower Corporation (REIT) (AMT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.21.


Also, Argus Research maintains their rating on the shares of American Tower Corporation (REIT) (NYSE:AMT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $130 per share from $120 per share. The rating by the firm was issued on August 17, 2016.

American Tower Corporation (REIT) (NYSE:AMT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.70 and $112.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.82, notching a gain of 0.39% for the day. The total traded volume was 1,157,694 . The stock had closed at $113.38 on the previous day.

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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