The stock of American Tower Corp. (NYSE:AMT) last traded at $178.64, down -1.82% from the previous session.
AMT stock price is now -8.23% away from the 50-day moving average and -6.07% away from the 200-day moving average. The market capitalization of the company currently stands at $83.31B.
With the price target of $205, Mizuho recently initiated with Neutral rating for American Tower Corp. (NYSE: AMT). On December 14, 2023, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $245, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Font Juan, SVP, Pres. & CEO, CoreSite sold 540 shares of the company’s stock on Mar 15 ’24. The stock was sold for $106,645 at an average price of $197.49. Upon completion of the transaction, the SVP, Pres. & CEO, CoreSite now directly owns 19,265 shares in the company, valued at $3.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, EVP, CFO & Treasurer Smith Rodney M sold 11,510 shares of the business’s stock. A total of $2,367,767 was realized by selling the stock at an average price of $205.71. This leaves the insider owning 62,969 shares of the company worth $11.25 million. A total of 0.64% of the company’s stock is owned by insiders.
During the past 12 months, American Tower Corp. has had a low of $154.58 and a high of $219.10. According to the stock market information, the enterprise value for the company is $128.60B, which is based on a 56.25 price-to-earnings ratio, a 12.04 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for AMT is $194.33 and a two-hundred day moving average price translates $190.15 for the stock.
The latest earnings results from American Tower Corp. (NYSE: AMT) was released for Dec, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.94 by -0.76. This compares to -$1.49 EPS in the same period last year. The net profit margin was 13.31% and return on equity was 30.36% for AMT. The company reported revenue of $2.79 billion for the quarter, compared to $2.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.02 percent. For the current quarter, analysts expect AMT to generate $2.79B in revenue.
