Media coverage about American Tower (NYSE:AMT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Tower earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 47.3434701819898 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- American Tower (AMT) PT Raised to $160.00 at Morgan Stanley (americanbankingnews.com)
- Notable ETF Outflow Detected – IYR, AMT, CCI, EQIX (nasdaq.com)
- Fitch puts Mexico’s TV Azteca on ‘negative watch’ amid legal row (finance.yahoo.com)
- American Tower Corp (AMT) Director Pamela D. A. Reeve Sells 7,152 Shares (americanbankingnews.com)
- $1.82 EPS Expected for American Tower Corp (AMT) This Quarter (americanbankingnews.com)
A number of research analysts recently commented on the company. Oppenheimer upped their target price on American Tower from $167.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Cowen restated a “buy” rating and issued a $161.00 target price on shares of American Tower in a research note on Wednesday, August 1st. Guggenheim restated a “hold” rating and issued a $160.00 target price on shares of American Tower in a research note on Tuesday, August 7th. Morgan Stanley upped their target price on American Tower from $154.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank upped their target price on American Tower from $155.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. American Tower currently has an average rating of “Buy” and a consensus target price of $161.94.
American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.04). American Tower had a net margin of 16.34% and a return on equity of 16.72%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. research analysts predict that American Tower will post 7.1 EPS for the current fiscal year.
In other American Tower news, Director David E. Sharbutt sold 1,321 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $150.48, for a total value of $198,784.08. Following the sale, the director now directly owns 4,781 shares in the company, valued at $719,444.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edmund Disanto sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $149.53, for a total value of $2,242,950.00. The disclosure for this sale can be found here. Insiders sold 198,810 shares of company stock worth $28,393,839 over the last quarter. Company insiders own 0.87% of the company’s stock.
About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 160,000 communications sites. For more information about American Tower, please visit the ?Earnings Materials? and ?Company & Industry Resources? sections of our investor relations website at www.americantower.com.
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