Scotiabank Raises American Tower (NYSE:AMT) Price Target to $220.00

American Tower (NYSE:AMT) had its target price hoisted by research analysts at Scotiabank from $218.00 to $220.00 in a research report issued on Tuesday,MarketScreener (Pasted) reports. Scotiabank’s target price indicates a potential upside of 24.16% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Raymond James Financial restated a “strong-buy” rating and issued a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Barclays lowered their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, BMO Capital Markets upped their target price on American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.76.

American Tower Stock Performance

Shares of AMT opened at $177.19 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.43 and a current ratio of 0.43. American Tower has a twelve month low of $160.06 and a twelve month high of $217.39. The firm’s 50 day moving average price is $176.34 and its two-hundred day moving average price is $178.32. The firm has a market cap of $82.55 billion, a P/E ratio of 28.46, a PEG ratio of 0.70 and a beta of 0.91.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts forecast that American Tower will post 10.66 EPS for the current fiscal year.

Institutional Trading of American Tower

A number of hedge funds have recently made changes to their positions in AMT. Richards Merrill & Peterson Inc. bought a new position in shares of American Tower during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. raised its stake in American Tower by 90.7% in the 4th quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 68 shares during the period. Swiss RE Ltd. acquired a new stake in American Tower during the 4th quarter valued at $25,000. Allied Private Wealth LLC acquired a new stake in American Tower during the 2nd quarter valued at $29,000. Finally, Triumph Capital Management bought a new position in American Tower during the third quarter worth $29,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Key American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: American Tower reported second-quarter revenue of approximately $2.75 billion, up about 4.7% year over year, while adjusted funds from operations (AFFO) rose to $2.71 per share, in line with estimates. Reported EPS and revenue exceeded consensus expectations. American Tower tops second-quarter estimates, raises annual outlook
• Positive Sentiment: Management raised its full-year 2026 outlook, including the midpoint for property revenue, adjusted EBITDA, AFFO and AFFO per share. EPS guidance of $11.00-$11.17 is above the roughly $10.66 analyst consensus, signaling stronger expected cash-flow performance. American Tower Corporation Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Record leasing at CoreSite, American Tower’s data-center platform, and robust demand across its global wireless-tower portfolio are key growth drivers. AI-related data-center demand and rising mobile data usage strengthen the company’s long-term expansion prospects. American Tower Raises Outlook as CoreSite Leasing Reaches Record
• Neutral Sentiment: The quarter’s AFFO result met, rather than exceeded, expectations. Investors may therefore focus more heavily on execution against the increased outlook and the pace at which CoreSite leasing converts into revenue and cash flow.
• Negative Sentiment: Some reports noted that the full-year revenue outlook remained below market expectations despite the improved guidance. DISH-related tenant churn and higher refinancing costs also weighed on results and could restrain near-term AFFO growth. American Tower Q2 2026 Earnings Call Highlights

American Tower Company Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.