American Tower Corp (NYSE:AMT) target price raised to $126.00, reported earlier today by Zacks Investment Research
- Updated: October 14, 2016
Stating a potential upside of 0.16%, Zacks Investment Research upped the price target of American Tower Corp (NYSE:AMT) to $126.00
Having a price of $108.51, American Tower Corp (NYSE:AMT) traded 1.01% higher on the day. With the last close down 3.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. American Tower Corp has recorded a 50-day average of $111.71 and a two hundred day average of $110.10. Volume of trade was down over the average, with 620,933 shares of AMT changing hands under the typical 1,885,020
Recent Performance Chart
American Tower Corp has 52 week low of $83.07 and a 52 week high of $118.26 with a PE ratio of 70.66 and has a market capitalization of $0.
Also covering American Tower Corp's target, a total of 19 equity analysts have released a ratings update on American Tower Corp. The 12-month price target is $116.58 with eight analysts rating the company a strong buy, 11 brokerages rating the stock a buy, 1 broker rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For American Tower Corp (NYSE:AMT)
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. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. Its U.S. property segment includes operations in the United States. Its Asia property segment includes operations in India. The EMEA property segment includes operations in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes operations in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. Its services segment offers tower-related services in the United States.
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