A Director at American Tower Corp (AMT) is Selling Shares

Today, a Director at American Tower Corp (AMT), David Sharbutt, sold shares of AMT for $176.1K.

Following David Sharbutt’s last AMT Sell transaction on November 16, 2018, the stock climbed by 16.6%.

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Based on American Tower Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.13 billion and quarterly net profit of $278 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $239 million. AMT’s market cap is $79.25B and the company has a P/E ratio of 64.87. Currently, American Tower Corp has an average volume of 1.87M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $184.67, reflecting a 2.0% upside.

David Sharbutt’s trades have generated a -16.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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American Tower Corp. is a real estate investment trusts, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property; Asia Property; Europe, Middle East and Africa (EMEA) Property; Latin America Property; and Services. The U.S. Property segment operates in the United States.