Bank of America Securities analyst David Barden reiterated a Buy rating on American Tower (AMT – Research Report) today and set a price target of $220.00. The company’s shares closed yesterday at $163.23.
Barden covers the Communication Services sector, focusing on stocks such as T Mobile US, Verizon, and AT&T. According to TipRanks, Barden has an average return of 0.4% and a 43.62% success rate on recommended stocks.
In addition to Bank of America Securities, American Tower also received a Buy from UBS’s Batya Levi in a report issued on October 17. However, on October 16, Morgan Stanley maintained a Hold rating on American Tower (NYSE: AMT).
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The company has a one-year high of $229.61 and a one-year low of $153.03. Currently, American Tower has an average volume of 2.02M.
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American Tower (AMT) Company Description:
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.
Read More on AMT:
- AMT Upcoming Earnings Report: What to Expect?
- American Tower price target lowered to $200 from $230 at Citi
- American Tower price target lowered to $193 from $230 at RBC Capital
- Netflix downgraded, Applied Materials upgraded: Wall Street’s top analyst calls
- American Tower initiated with an Outperform at Scotiabank
