Zacks Investment Research downgraded American Tower Corp (NYSE:AMT) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded American Tower Corp (NYSE:AMT) to Hold in a report released on 10/12/2016.
Previously on 09/28/2016, Zacks Investment Research reported on American Tower Corp (NYSE:AMT) increased the target price from $0.00 to $129.00. At the time, this indicated a possible upside of 0.15%.
Just yesterday American Tower Corp (NYSE:AMT) traded 2.39% higher at $108.51. American Tower Corp’s 50-day moving average is $111.87 and its 200-day moving average is $110.07. The last stock close price is down 1.33% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 2,419,269 shares of AMT changing hands over the typical 1,894,970
With a total market value of $0, American Tower Corp has price-earnings ratio of 69.24 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 ratings update on AMT. Eight equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $116.58.
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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