SunTrust Robinson Reaffirms $175.0 Price Target On American Tower (AMT), Reaffirms “Buy” Rating; First Personal Financial Services Boosted Its Microsoft (MSFT) Holding

December 7, 2017 - By Hazel Jackson

Among 18 analysts covering American Tower Corporation (NYSE:AMT), 17 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation has $177.0 highest and $100 lowest target. $146.58’s average target is 2.55% above currents $142.93 stock price. American Tower Corporation had 63 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, November 9, the company rating was maintained by Macquarie Research. The firm has “Buy” rating by Deutsche Bank given on Friday, July 14. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Cowen & Co on Tuesday, July 18. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, August 31. As per Wednesday, November 1, the company rating was maintained by Macquarie Research. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, November 29 report. Stifel Nicolaus initiated it with “Buy” rating and $112 target in Wednesday, August 26 report. The firm has “Buy” rating by Macquarie Research given on Friday, July 28. On Wednesday, October 7 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 30.

First Personal Financial Services increased Microsoft Corp (MSFT) stake by 14.97% reported in 2017Q2 SEC filing. First Personal Financial Services acquired 12,359 shares as Microsoft Corp (MSFT)’s stock rose 4.75%. The First Personal Financial Services holds 94,935 shares with $6.54 million value, up from 82,576 last quarter. Microsoft Corp now has $634.56 billion valuation. The stock decreased 0.63% or $0.525 during the last trading session, reaching $82.255. About 7.71M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since December 7, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

The stock increased 0.80% or $1.13 during the last trading session, reaching $142.93. About 336,590 shares traded. American Tower Corporation (NYSE:AMT) has risen 23.66% since December 7, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

American Tower Corporation is a real estate investment trust. The company has market cap of $61.30 billion. It invests in the real estate markets across the globe. It has a 54.33 P/E ratio.

Analysts await American Tower Corporation (NYSE:REIT) to report earnings on February, 26. They expect $1.63 earnings per share, up 10.88% or $0.16 from last year’s $1.47 per share. AMT’s profit will be $699.03 million for 21.92 P/E if the $1.63 EPS becomes a reality. After $1.73 actual earnings per share reported by American Tower Corporation for the previous quarter, Wall Street now forecasts -5.78% negative EPS growth.

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By1 Hazel Jackson




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