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American Tower Corp (NYSE:AMT) target price raised to $129.00, reported today by Zacks Investment Research

American Tower Corp (NYSE:AMT) had its price target upped to $129.00 by Zacks Investment Research in a report released Wednesday September 28, 2016. The updated stock price target implies a possible upside of 0.15% based on the company's most recent stock price close.

Boasting a price of $111.94, American Tower Corp (NYSE:AMT) traded -0.13% lower on the day. With the last stock price close up 2.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. American Tower Corp has recorded a 50-day average of $113.20 and a two hundred day average of $109.38. Volume of trade was down over the average, with 326,128 shares of AMT changing hands under the typical 1,862,060

Performance Chart

American Tower Corp (NYSE:AMT)

With a total market value of $0, American Tower Corp has price-earnings ratio of 69.45 with a one year low of $83.07 and a one year high of $118.26 .

A total of 19 equity analysts have released a research note on AMT. Eight equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $116.58.

Brief Synopsis About 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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