Brokers Issue Forecasts for American Tower Co.'s Q4 2018 Earnings (AMT)

Adjust Comment Print

The stock decreased 0.72% or $0.5 during the last trading session, reaching $69.1. About 1.40 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since April 22, 2017 and is uptrending. It has outperformed by 102.23% the S&P500. Evercore Wealth Mngmt Limited Com holds 2.32% in American Tower Corporation (NYSE:REIT) or 437,414 shares. Therefore 100% are positive.

American Tower Corporation (AMT) has been given an average price target of $161.14 from analysts, according to data collected by Finviz. The stock has "Buy" rating by Citigroup on Tuesday, March 27. The rating was maintained by Cowen & Co on Tuesday, July 18 with "Buy". After $0.76 actual earnings per share reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth. SunTrust maintained American Tower Corporation (NYSE:REIT) rating on Wednesday, December 6. Zacks has "Hold" rating and $113 target. The company was maintained on Monday, August 28 by Citigroup. RBC Capital Markets has "Buy" rating and $153.0 target.

Capital International Inc, which manages about $18.21B and $672.30M US Long portfolio, upped its stake in Alibaba Group Holding Ltd Adr (NYSE:BABA) by 3,000 shares to 645,580 shares, valued at $111.32 million in 2017Q4, according to the filing.

Since December 11, 2017, it had 0 insider purchases, and 7 insider sales for $15.20 million activity. The shares were sold at an average price of $138.82, for a total transaction of $4,573,147.26. Oppenheimer raised their price objective on American Tower from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, December 20th.

In related news, EVP Amit Sharma sold 32,943 shares of American Tower stock in a transaction on Monday, April 16th. The insider Tong Vincent sold 19,687 shares worth $1.45 million.

During 2017 Q4 the big money sentiment increased to 1.25. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by $0.84. It is positive, as 47 investors sold AMT shares while 280 reduced holdings.

IPL: Rajasthan aim to return to winning ways against Mumbai
Skipper Ajinkya Rahane has looked good but has not been converting good starts into big scores. Rajasthan Royals vs Mumbai Indians match starts at 8:00 PM IST, with the toss at 7:30 PM.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMT. Over the last quarter, shares have performed -0.73%. Wilkins Investment Counsel has 31,675 shares. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported. Moreover, Fmr Limited Com has 0.26% invested in American Tower Corporation (NYSE:REIT) for 15.41 million shares. Joel Isaacson And Communication Ltd Co has invested 0.14% in American Tower Corporation (NYSE:REIT). Morgan Stanley stated it has 3.50 million shares or 0.14% of all its holdings. Caprock Gp invested 0.06% in American Tower Corporation (NYSE:REIT).

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 149,000 communications sites. They expect $0.92 earnings per share, down 2.13% or $0.02 from last year's $0.94 per share. Aureus Asset Management Limited Liability reported 2.7% stake.

NAGASE & CO LTD ORDINARY SHARES JAP (OTCMKTS:NGSCF) had a decrease of 0.05% in short interest. 2,250 are held by Nelson Van Denburg Campbell Wealth Grp Limited Liability Corp. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) rating on Wednesday, November 29. Moreover, Barton Invest Management has 5.51% invested in American Tower Corporation (NYSE:REIT). That value represents a market adjusting for revenues that have been growing by 10.71 % on a quarterly year/year basis as of the company's last quarterly report. The firm has "Buy" rating given on Monday, November 2 by Stifel Nicolaus. The firm has "Overweight" rating given on Wednesday, October 7 by JP Morgan. As per Thursday, September 28, the company rating was maintained by Piper Jaffray. The stock has "Hold" rating by Sandler O'Neill on Tuesday, January 16. The rating was maintained by Stephens with "Hold" on Friday, February 9. Zacks upgraded the stock to "Hold" rating in Wednesday, August 26 report. The stock has "Underperform" rating by Bank of America on Thursday, January 25. UBS has "Buy" rating and $163.0 target.

Since December 12, 2017, it had 1 buy, and 5 insider sales for $8.42 million activity. (NYSE:JPM) shares with value of $1.91 million were sold by Scher Peter. 845 shares were sold by REED JOANN A, worth $124,071 on Wednesday, March 14. Its up 0.05, from 1.2 in 2017Q3. For a total of 507,052 shares it reduced its holding in Waste Connections Inc by 71,477 shares in the quarter, and has cut its stake in Paylocity Hldg Corp (NASDAQ:PCTY). 143 funds opened positions while 654 raised stakes. 256 were reported by Ruggie Cap Group. This was revealed in their last financial report. Fruth Invest Management holds 8,788 shares. Supplemental Annuity Collective Tru Of Nj holds 0.48% or 8,028 shares. Oakmont Prtn Lc has 4,116 shares for 0.23% of their portfolio. Markel accumulated 35,500 shares. Capital Ww Investors invested in 0.31% or 10.15 million shares. Old Mutual Customised Solutions (Proprietary) Limited reported 151,805 shares. Kornitzer Capital Management Inc Ks accumulated 150,250 shares. Fdx Advsr accumulated 16,556 shares. Northern Cap accumulated 24,541 shares or 0.9% of the stock. Bridgeway Mgmt Inc has invested 0.84% in PepsiCo, Inc. Dupont Management owns 40,052 shares.

The shares of the company (SFUN) staged the smart recovery as has roared back some 65.78% after stumbling to its new 52-weeks low.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on May, 1 before the open. As the opening bell rang the price was $5.1 but as the trading finished, the stock receded, wrapping up with a fall of -1.19%. AMT's profit would be $726.91 million giving it 20.33 P/E if the $1.68 EPS is correct. Analysts predict 6.33 % diference or $1.68 from the $1.58 EPS from 2017.