Morgan Stanley Reiterates Their Buy Rating on American Tower Corp

By Jason Carr

Morgan Stanley analyst Simon Flannery reiterated a Buy rating on American Tower Corp (NYSE: AMT) today and set a price target of $172. The company’s shares opened today at $150.05, close to its 52-week high of $155.28.

According to, Flannery is a 4-star analyst with an average return of 5.3% and a 65.6% success rate. Flannery covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Telephone & Data Systems Inc, and Endurance International.

Currently, the analyst consensus on American Tower Corp is Strong Buy and the average price target is $161.27, representing a 7.5% upside.

In a report issued on October 31, Oppenheimer also reiterated a Buy rating on the stock with a $155 price target.

The company has a one-year high of $155.28 and a one-year low of $99.72. Currently, American Tower Corp has an average volume of 2M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2017, Amit Sharma, the EVP, Asia of AMT bought 32,500 shares for a total of $1,225,250.

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American Tower Corp. engages in leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. It operates through the following segments: U.S.