New Buy Rating for American Tower (AMT), the Technology Giant


Raymond James analyst Ric Prentiss maintained a Buy rating on American Tower (AMT) today. The company’s shares closed last Thursday at $224.75.

According to TipRanks.com, Prentiss is a 3-star analyst with an average return of 1.9% and a 63.4% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems, and Iridium Communications.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Tower with a $255.50 average price target, implying a 14.3% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $290.00 price target.

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The company has a one-year high of $272.20 and a one-year low of $174.32. Currently, American Tower has an average volume of 2.23M.

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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 Property, Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States. The Asia Property segment refers to the operations in India. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.

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