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American Tower (AMT) Receives a Buy from Bernstein

Tipranks - Tipranks - Sat Aug 22, 1:28PM CDT

Bernstein analyst Madison Rezaei maintained a Buy rating on American Tower today and set a price target of $214.00.

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Rezaei covers the Real Estate sector, focusing on stocks such as Digital Realty, Equinix, and American Tower. According to TipRanks, Rezaei has an average return of -2.1% and a 55.17% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Tower with a $212.00 average price target.

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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 $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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