News coverage about American Tower Corporation (REIT) (NYSE:AMT) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Tower Corporation (REIT) earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.513671023354 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
American Tower Corporation (AMT) traded up $0.50 during trading on Monday, reaching $146.37. 1,282,198 shares of the company’s stock traded hands, compared to its average volume of 1,979,571. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $155.28. The company has a market cap of $62,830.00, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74.
A number of research firms have recently weighed in on AMT. Morgan Stanley raised their price target on shares of American Tower Corporation (REIT) from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. ValuEngine upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Thursday, August 3rd. KeyCorp set a $156.00 price target on shares of American Tower Corporation (REIT) and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Argus raised their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $157.00.
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In other American Tower Corporation (REIT) news, Director Pamela D. A. Reeve sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the completion of the transaction, the director now owns 17,758 shares in the company, valued at approximately $2,548,095.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $151.20, for a total transaction of $5,140,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,000 shares of company stock valued at $18,297,610. Company insiders own 0.86% of the company’s stock.
About American Tower Corporation (REIT)
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.
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