Breaking: Jefferies Reaffirms $144.0 TP On American Tower Corp (NYSE:AMT) Shares, Reaffirms Their Original “Buy” Rating

September 17, 2017 - By Vivian Currie

 Breaking: Jefferies Reaffirms $144.0 TP On American Tower Corp (NYSE:AMT) Shares, Reaffirms Their Original

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. It increased, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Essex Financial holds 0.12% of its portfolio in American Tower Corp (NYSE:AMT) for 5,207 shares. Welch & Forbes Lc owns 3,561 shares for 0.01% of their portfolio. Moreover, Hightower Ltd Liability Com has 0.07% invested in American Tower Corp (NYSE:AMT) for 58,749 shares. 741,885 were accumulated by Cadian Cap Mngmt Limited Partnership. Parametric Ltd Liability Corporation invested 0.12% of its portfolio in American Tower Corp (NYSE:AMT). American Investment Advisors Lc invested in 2.61% or 25,409 shares. Legal General Grp Incorporated Public Limited Co accumulated 0.24% or 2.44M shares. Winslow Cap Management holds 2.14 million shares. Bb&T Ltd Limited Liability Company holds 0.02% or 10,993 shares in its portfolio. Tower Capital Ltd Co (Trc) owns 9,241 shares. Hallmark has invested 0% of its portfolio in American Tower Corp (NYSE:AMT). Great Lakes Advsr Limited Liability holds 26,510 shares or 0.07% of its portfolio. Boston Private Wealth Lc has invested 0.15% in American Tower Corp (NYSE:AMT). Bnp Paribas Arbitrage Sa holds 165,717 shares. Hermes Investment has 633,903 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 sales for $21.62 million activity. 40,653 American Tower Corp (NYSE:AMT) shares with value of $5.13M were sold by Meyer Robert Joseph JR. 7,400 shares were sold by REED JOANN A, worth $938,838. Shares for $10.95M were sold by HESS WILLIAM H. The insider SHARBUTT DAVID E sold 3,653 shares worth $469,812. Shares for $1.79M were sold by DiSanto Edmund.

American Tower Corp (NYSE:AMT) Rating Reaffirmed

Recently, In a report issued on 11 September, American Tower Corp (NYSE:AMT) shares have had their “Buy” Rating maintained by equity research analysts at Jefferies, who currently has a $144.0 target on firm. This target by Jefferies indicates the possibile downside of -0.70 % from the stock close price.

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. It increased, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Essex Financial holds 0.12% of its portfolio in American Tower Corp (NYSE:AMT) for 5,207 shares. Welch & Forbes Lc owns 3,561 shares for 0.01% of their portfolio. Moreover, Hightower Ltd Liability Com has 0.07% invested in American Tower Corp (NYSE:AMT) for 58,749 shares. 741,885 were accumulated by Cadian Cap Mngmt Limited Partnership. Parametric Ltd Liability Corporation invested 0.12% of its portfolio in American Tower Corp (NYSE:AMT). American Investment Advisors Lc invested in 2.61% or 25,409 shares. Legal General Grp Incorporated Public Limited Co accumulated 0.24% or 2.44M shares. Winslow Cap Management holds 2.14 million shares. Bb&T Ltd Limited Liability Company holds 0.02% or 10,993 shares in its portfolio. Tower Capital Ltd Co (Trc) owns 9,241 shares. Hallmark has invested 0% of its portfolio in American Tower Corp (NYSE:AMT). Great Lakes Advsr Limited Liability holds 26,510 shares or 0.07% of its portfolio. Boston Private Wealth Lc has invested 0.15% in American Tower Corp (NYSE:AMT). Bnp Paribas Arbitrage Sa holds 165,717 shares. Hermes Investment has 633,903 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 sales for $21.62 million activity. 40,653 American Tower Corp (NYSE:AMT) shares with value of $5.13M were sold by Meyer Robert Joseph JR. 7,400 shares were sold by REED JOANN A, worth $938,838. Shares for $10.95M were sold by HESS WILLIAM H. The insider SHARBUTT DAVID E sold 3,653 shares worth $469,812. Shares for $1.79M were sold by DiSanto Edmund.

American Tower Corp (NYSE:AMT) Ratings Coverage

Among 17 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation has $167 highest and $100 lowest target. $138.67’s average target is -4.37% below currents $145.01 stock price. American Tower Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. JP Morgan maintained the shares of AMT in report on Wednesday, October 7 with “Overweight” rating. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, August 31. The rating was downgraded by Evercore on Tuesday, April 19 to “Hold”. On Monday, August 28 the stock rating was maintained by Citigroup with “Buy”. As per Thursday, June 8, the company rating was maintained by RBC Capital Markets. The stock of American Tower Corp (NYSE:AMT) has “Outperform” rating given on Tuesday, December 6 by Macquarie Research. The firm has “Buy” rating by Oppenheimer given on Tuesday, August 8. The stock of American Tower Corp (NYSE:AMT) earned “Buy” rating by Guggenheim on Tuesday, April 11. Cowen & Co maintained American Tower Corp (NYSE:AMT) on Tuesday, July 18 with “Buy” rating.

The stock increased 1.51% or $2.16 on September 15, reaching $145.01. About 3.21 million shares traded or 104.46% up from the average. American Tower Corp (NYSE:AMT) has risen 23.66% since September 17, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Wall Street await American Tower Corp (NYSE:AMT) to release earnings on October, 26. Analysts forecast earnings per share of $1.61, up exactly $0.12 or 8.05 % from 2014’s $1.49 EPS. The expected AMT’s profit could reach $691.03M giving the stock 22.52 P/E in the case that $1.61 earnings per share is reported. After posting $1.68 EPS for the previous quarter, American Tower Corp’s analysts now forecast -4.17 % negative EPS growth.

American Tower Corporation is a holding company. The company has market cap of $62.24 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 58.1 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Businesswire.com which released: “Philips Lighting and American Tower Corporation Form Alliance to Accelerate …” on September 11, 2017, also Nasdaq.com with their article: “American Tower Touches 52-Week High Amid Multiple Risks” published on August 28, 2017, Seekingalpha.com published: “A REIT With Fantastic Total Returns Above The Dow Average And Dividend Growth …” on September 11, 2017. More interesting news about American Tower Corp (NYSE:AMT) were released by: Stockhouse.com and their article: “American Tower Corporation Declares Quarterly Distribution” published on September 12, 2017 as well as Barrons.com‘s news article titled: “Big REIT Buys: Duke, SL Green, American Tower” with publication date: September 13, 2017.

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