Bloomberg reports that the average recommendation of the eighteen rating agencies currently monitoring American Tower Co (NYSE: AMT) is for the investment to be regarded as a “Moderate Buy.” These rating agencies are currently keeping an eye on the company.
Eleven professionals in the industry have advocated for the stock purchase, while only two analysts in the industry have favored the continuation of ownership of the stock.
A number of brokerage firms have updated their coverage of the stock during the past year, and the average price target that they have set for the stock going into the next year is $260.31.
On February 23, a report on American Tower’s most recent earnings was made public.
American Tower is a company that trades on the New York Stock Exchange (NYSE) under the symbol AMT.
Earnings per share (EPS) for the quarter came in at $1.47, which was $3.63 lower than the estimate compiled by market analysts, which was $2.16.
The company’s quarterly sales came in at $2.71 billion, significantly higher than the predictions made, which averaged out to $2.68 billion for the company’s sales.
American Tower achieved a return on equity of 15.80% and a net margin of 16.49%.
These figures are presented in percentage terms.
During the third quarter of this year, American Tower saw a rise of 10.6% yearly in the revenue it generated.
The company generated $2.18 per share during the same period as the previous year.
Analysts in this sector forecast that American Tower will generate earnings of $9.27 per share during the current fiscal year.
The first day of trading for AMT stock was Thursday, with an opening price of $202.32 per share.
The stock’s price currently trades at a moving average of the past 50 days, $212.75, and the moving average of the past 200 days is $216.26. Given that the company has a market value of $94.21 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 1.94, and a beta value of 0.56, it is an attractive investment option.
In addition, the price-to-earnings growth ratio is currently at 1.94.
A debt-to-equity ratio comes in at 2.75, a quick ratio at 0.54, and a current ratio at 0.54; all of these numbers are approximately the same.
American Tower’s share price has seen a wide range of movement over the past year, going from a low of $178.17 to a high of $282.47.
The AMT has been the subject of numerous research projects conducted by various institutions. Credit Suisse Group decreased its target price for American Tower from $251 to $244 in a report made public on Friday, February 24.
Despite this modification, the company has maintained its “outperform” rating. UBS Group stated in a research note published on Tuesday, December 13, that they were lowering their price target on shares of American Tower from $278.00 to $270.00 and that this change was effective immediately.
In a research report made public on Monday, March 6, Royal Bank of Canada decreased their “outperform” rating on shares of American Tower from $240.00 to $230.00, and they also decreased their price objective on those shares from $240.00 to $230.00.
Both of these changes were made.
During a research report made available to the public, Wells Fargo & Company announced on Wednesday, December 14, that they were increasing their price objective for American Tower from $225.00 to $245.00.
Last but not least, in a research note published on January 23, Morgan Stanley raised their “equal weight” rating on shares of American Tower and raised their price objective on those shares from $219.00 to $224.00.
Additionally, they raised their price target on those shares from $219.00 to $224.00.
In addition, the business has declared a quarterly dividend, which will be paid out on April 28 as previously scheduled. On Friday, April 14, shareholders who are currently registered will be eligible to receive a dividend payment of $1.56 per share.
After the ex-dividend date, April 13, this dividend will finally be paid to shareholders.
This translates to a yield of 3.08% and a dividend payment of $6.24 yearly for every shareholder.
The current dividend payout ratio for American Tower is 162.50 percent after recent adjustments.
Samme L.
Thompson, a director at American Tower, sold 1,739 shares of the company’s stock on February 6.
Monday was the day that the transaction took place.
It was determined that each share was sold at an average price of $218.59, which led to a total sale volume of 380,128.01 dollars.
The price at which each share was sold can be found in the following sentence: Following the successful completion of the transaction, the director is now the direct owner of 22,099 shares of company stock.
The total value of these shares is $4,830,620.41. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction. Samme L.
Thompson, a director at American Tower, sold 1,739 shares of the company’s stock on February 6.
Monday was the day that the transaction took place.
It was determined that each share was sold at an average price of $218.59, which led to a total sale volume of 380,128.01 dollars.
The price at which each share was sold can be found in the following sentence: Following the successful completion of the transaction, the director is now the direct owner of 22,099 shares of company stock.
The total value of these shares is $4,830,620.41. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction.
In addition, on January 9, the company’s Chief Financial Officer, Rodney M. Smith, sold 2,035 shares of the company’s stock.
The sale of the shares generated total revenue of $449,429.75, with each share selling for $220.85 in individual profit. Following the successful conclusion of the transaction, the chief financial officer is now the direct owner of a total of 48,645 shares of the company.
The current value of these shares is $10,743,248.25.
Disclosures related to the sale might be found in this website section.
Insiders of the company have sold 8,587 shares over the most recent three months, bringing in a total of $1,947,849 from the transaction. Currently, company insiders own 0.24% of the total outstanding shares.