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Citi Reaffirms Their Buy Rating on American Tower (AMT)

Tipranks - Tipranks - Sat Feb 21, 6:13AM CST

In a report released today, Michael Rollins from Citi maintained a Buy rating on American Tower, with a price target of $225.00.

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Rollins covers the Communication Services sector, focusing on stocks such as AT&T, Echostar, and Comcast. According to TipRanks, Rollins has an average return of 12.7% and a 65.07% success rate on recommended stocks.

Currently, the analyst consensus on American Tower is a Moderate Buy with an average price target of $212.58.

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Based on American Tower’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.72 billion and a net profit of $853.3 million. In comparison, last year the company earned a revenue of $2.52 billion and had a GAAP net loss of $792.3 million

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