RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

RBC Capital analyst Jonathan Atkin maintained a Hold rating on American Tower on April 1 and set a price target of $195.00. The company’s shares closed yesterday at $171.02.

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Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications. According to TipRanks, Atkin has an average return of 9.7% and a 64.95% success rate on recommended stocks.

Currently, the analyst consensus on American Tower is a Moderate Buy with an average price target of $213.14, implying a 24.63% upside from current levels. In a report released on March 31, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $181.00 price target.

Based on American Tower’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.74 billion and a net profit of $821 million. In comparison, last year the company earned a revenue of $2.55 billion and had a net profit of $1.23 billion

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMT in relation to earlier this year. Last month, Rajesh Kalathur, a Director at AMT bought 2,671.00 shares for a total of $494,936.30.