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Bernstein Sticks to Its Buy Rating for American Tower (AMT)

Tipranks - Tipranks - Thu Jul 30, 5:26AM CDT

In a report released today, Madison Rezaei from Bernstein maintained a Buy rating on American Tower, with a price target of $214.00.

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Rezaei covers the Real Estate sector, focusing on stocks such as Equinix, Digital Realty, and American Tower. According to TipRanks, Rezaei has an average return of 2.3% and a 55.56% success rate on recommended stocks.

In addition to Bernstein, American Tower also received a Buy from TD Cowen’s Michael Elias in a report issued yesterday. However, today, KeyBanc maintained a Hold rating on American Tower (NYSE: AMT).

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Based on American Tower’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.75 billion and a net profit of $890.2 million. In comparison, last year the company earned a revenue of $2.63 billion and had a net profit of $366.8 million

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