In a report released today, Jennifer Fritzsche from Wells Fargo downgraded American Tower Corp (AMT – Research 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.
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.
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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, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States.