UBS AG Raises American Tower Corporation EPS Estimates (AMT)
Investment analysts at UBS AG (NYSE: UBS) boosted their earnings per share estimates on shares of American Tower Corporation (NYSE: AMT) in a note issued to investors on Friday. The firm currently has a “buy” rating and a $75.00 price target on the company’s shares. They previously had a $72.00 price target on the stock.
American Tower Corporation traded up 1.22% on Friday, hitting $67.25. American Tower Corporation has a 52-week low of $46.04 and a 52-week high of $65.18. The company has a market cap of $26.489 billion and a price-to-earnings ratio of 50.49.
American Tower Corporation last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.15. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Analysts expect that American Tower Corporation will post $0.42 EPS next quarter.
A number of other firms have also recently commented on AMT. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of American Tower Corporation in a research note to investors on Friday. Separately, analysts at Benchmark Co. raised their price target on shares of American Tower Corporation from $72.00 to $74.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of American Tower Corporation from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, April 13rd. They now have a $70.00 price target on the stock.
American Tower Corporation is a holding company. The Company is a wireless and broadcast communications infrastructure company that develops, owns, and operates communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system (DAS) networks.