American Tower Corporation (NYSE:AMT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of American Tower Corporation (NYSE:AMT) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $215.2857.

AMT has been the subject of several recent research reports. Jefferies Financial Group reduced their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Mizuho set a $208.00 target price on American Tower in a research note on Thursday, August 20th. TD Cowen increased their target price on shares of American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wolfe Research raised American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $195.00 to $205.00 in a research report on Friday, June 26th.

Insiders Place Their Bets

In other American Tower news, EVP Ruth Dowling sold 1,106 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rajesh Kalathur bought 2,829 shares of American Tower stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the purchase, the director directly owned 7,765 shares in the company, valued at $1,374,405. This trade represents a 57.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 6,791 shares of company stock valued at $1,204,091 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Tower

Several institutional investors and hedge funds have recently made changes to their positions in AMT. Operose Advisors LLC acquired a new stake in American Tower during the second quarter worth approximately $25,000. Allied Private Wealth LLC acquired a new stake in shares of American Tower during the 2nd quarter worth $29,000. Lloyd Advisory Services LLC. bought a new position in shares of American Tower in the fourth quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of American Tower in the second quarter worth $33,000. Finally, Kelleher Financial Advisors acquired a new position in American Tower in the second quarter valued at about $37,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Trading Up 0.3%

Shares of NYSE:AMT opened at $177.47 on Friday. The firm has a market cap of $82.69 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.84 and a beta of 0.89. American Tower has a 12 month low of $160.06 and a 12 month high of $199.13. The company’s fifty day simple moving average is $172.46 and its 200 day simple moving average is $176.95. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts forecast that American Tower will post 10.8 EPS for the current fiscal year.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.