American Tower Corp (AMT) was Downgraded to a Hold Rating at Wells Fargo

In a report released today, Jennifer Fritzsche from Wells Fargo downgraded American Tower Corp (AMTResearch Report) to Hold. The company’s shares closed on Friday at $197.96, close to its 52-week high of $198.19.

According to TipRanks.com, Fritzsche is a 4-star analyst with an average return of 7.9% and a 71.8% success rate. Fritzsche covers the Technology sector, focusing on stocks such as CenturyLink Inc, Cincinnati Bell, and Windstream.

Currently, the analyst consensus on American Tower Corp is a Moderate Buy with an average price target of $192.

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American Tower Corp’s market cap is currently $87.31B and has a P/E ratio of 71.47. The company has a Price to Book ratio of 16.36.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.

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.

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, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States.

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