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RBC Capital Remains a Buy on American Tower (AMT)

Tipranks - Sat Aug 1, 8:54PM CDT

RBC Capital analyst Jonathan Atkin maintained a Buy rating on American Tower on July 30 and set a price target of $205.00. The company’s shares closed yesterday at $174.46.

Claim 55% Off TipRanks

According to TipRanks, Atkin is a 5-star analyst with an average return of 8.9% and a 60.85% success rate. Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and Digital Realty.

American Tower has an analyst consensus of Strong Buy, with a price target consensus of $213.50, a 22.38% upside from current levels. In a report released on July 29, Bernstein also maintained a Buy rating on the stock with a $214.00 price target.

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 $867.5 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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