Today it was reported that a Director at American Tower Corp (NYSE: AMT), Pamela Reeve, exercised options to sell 7,152 AMT shares at $28.39 a share, for a total transaction value of $1.07M.
Following Pamela Reeve’s last AMT Sell transaction on August 28, 2017, the stock climbed by 6.3%. In addition to Pamela Reeve, one other AMT executive reported Sell trades in the last month.
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Based on American Tower Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.78 billion and quarterly net profit of $307 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $367 million. AMT’s market cap is $65.79B and the company has a P/E ratio of 59.17. Currently, American Tower Corp has an average volume of 1.41M.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $164.75, reflecting a -9.2% downside.
The insider sentiment on American Tower Corp has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
