Credit Suisse Remains a Hold on American Tower (AMT)

Credit Suisse analyst Wan Zhang maintained a Hold rating on American Tower (AMT) today and set a price target of $265.00. The company’s shares closed last Monday at $243.51.

American Tower has an analyst consensus of Moderate Buy, with a price target consensus of $261.00, a 6.0% upside from current levels. In a report issued on February 19, Citigroup also maintained a Hold rating on the stock with a $280.00 price target.

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Based on American Tower’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $563 million. In comparison, last year the company had a net profit of $278 million.

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