Oppenheimer Reaffirms Their Buy Rating on American Tower (AMT)

Oppenheimer analyst Timothy Horan maintained a Buy rating on American Tower (AMT) today and set a price target of $290.00. The company’s shares closed last Wednesday at $247.51.

According to TipRanks.com, Horan is a 5-star analyst with an average return of 17.5% and a 67.4% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Vonage Holdings.

American Tower has an analyst consensus of Strong Buy, with a price target consensus of $281.33, which is a 15.0% upside from current levels. In a report issued on April 29, Raymond James also maintained a Buy rating on the stock.

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The company has a one-year high of $272.20 and a one-year low of $197.50. Currently, American Tower has an average volume of 2M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMT in relation to earlier this year. Most recently, in March 2021, Pamela Reeve, a Director at AMT sold 3,653 shares for a total of $770,381.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1995, Massachusetts-based American Tower Corp. is one of the largest real estate investment trusts and is a leading independent owner and operator of wireless and broadcast communications infrastructure in several countries worldwide.

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