Canaccord Genuity Maintains a 'Buy' on American Tower (AMT); Solid Across The Board
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Price: $176.09 +0.92%
Rating Summary:
32 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
32 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Canaccord Genuity maintains a 'Buy' on American Tower (NYSE: AMT) price target raised to $72.
Analyst, Greg Miller, said, "With yet another predictably solid quarterly report that included some one-time benefits that further bolstered results, we are adjusting our estimates and increasing our price target. We continue to believe the tailwinds benefitting the tower industry represent the single most obvious positive trend in the entire communications services industry. Further, with AMT’s recent conversion to REIT, it has and likely will continue to generate significant interest from a new group of investors."
For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.
Shares of American Tower closed at $67.05 yesterday.
Analyst, Greg Miller, said, "With yet another predictably solid quarterly report that included some one-time benefits that further bolstered results, we are adjusting our estimates and increasing our price target. We continue to believe the tailwinds benefitting the tower industry represent the single most obvious positive trend in the entire communications services industry. Further, with AMT’s recent conversion to REIT, it has and likely will continue to generate significant interest from a new group of investors."
For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.
Shares of American Tower closed at $67.05 yesterday.
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