Today, the EVP & Chairman, LatAm & EMEA of American Tower Corp (AMT), William Hess, sold shares of AMT for $2.46M.
Following William Hess’ last AMT Sell transaction on March 14, 2019, the stock climbed by 1.9%.
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Based on American Tower Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.81 billion and quarterly net profit of $397 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $285 million. AMT’s market cap is $83.91B and the company has a P/E ratio of 62.66. Currently, American Tower Corp has an average volume of 1.34M.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $199.86, reflecting a 4.3% upside.
The insider sentiment on American Tower Corp has been negative according to 77 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 trust, 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 Property, Latin America Property and Services. The U.S. Property segment operates in the United States.
