American Tower Corp [NYSE: AMT] price plunged by -0.87 percent to reach at -$1.74.
The one-year AMT stock forecast points to a potential upside of 17.58. The average equity rating for AMT stock is currently 1.61, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on American Tower Corp [AMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMT shares is $240.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMT stock is a recommendation set at 1.61. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for American Tower Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on July 01, 2024, representing the official price target for American Tower Corp stock. Previously, the target price had yet another raise from $226 to $248, while Raymond James kept a Strong Buy rating on AMT stock.
The Average True Range (ATR) for American Tower Corp is set at 4.37, with the Price to Sales ratio for AMT stock in the period of the last 12 months amounting to 8.37. The Price to Book ratio for the last quarter was 25.39, with the Price to Cash per share for the same quarter was set at 4.88. Price to Free Cash Flow for AMT in the course of the last twelve months was 25.95.
AMT Stock Performance Analysis:
American Tower Corp [AMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.41. With this latest performance, AMT shares gained by 2.13% in over the last four-week period, additionally plugging by 0.54% over the last 6 months – not to mention a drop of -3.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMT stock in for the last two-week period is set at 35.79, with the RSI for the last a single of trading hit 31.25, and the three-weeks RSI is set at 37.99 for American Tower Corp [AMT]. The present Moving Average for the last 50 days of trading for this stock 211.30, while it was recorded at 202.62 for the last single week of trading, and 205.97 for the last 200 days.
AMT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Tower Corp go to 26.19%.
American Tower Corp [AMT] Institutonal Ownership Details
There are presently around $94.15%, or 94.28%% of AMT stock, in the hands of institutional investors. The top three institutional holders of AMT stocks are: VANGUARD GROUP INC with ownership of 62.54 million shares, which is approximately 13.406%. BLACKROCK INC., holding 38.11 million shares of the stock with an approximate value of $$7.41 billion in AMT stocks shares; and BLACKROCK INC., currently with $$4.02 billion in AMT stock with ownership which is approximately 4.4023%.
