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American Tower (AMT) Receives a Buy from Barclays

Tipranks - Tipranks - Thu Oct 1, 4:28AM CDT

Barclays analyst Brendan Lynch maintained a Buy rating on American Tower today and set a price target of $199.00.

According to TipRanks, Lynch is an analyst with an average return of -2.5% and a 42.00% success rate. Lynch covers the Real Estate sector, focusing on stocks such as Crown Castle, Equinix, and Iron Mountain.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Tower with a $211.08 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

Based on the recent corporate insider activity of 46 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 2,829.00 shares for a total of $500,733.00.

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