Will American Tower Corp Go Down Anytime Soon? Option Trader Doubt That

 Will American Tower Corp Go Down Anytime Soon? Option Trader Doubt That

In today’s session American Tower Corp (AMT) registered an unusually high (612) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AMT increase. With 612 contracts traded and 26444 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AMT170120C00115000 closed last at: $4.5 or 18.2% down. About 530,418 shares traded hands. American Tower Corp (NYSE:AMT) has risen 8.05% since April 1, 2016 and is uptrending. It has outperformed by 6.83% the S&P500.

American Tower Corp (NYSE:AMT) Ratings Coverage

Out of 12 analysts covering American Tower Corporation (NYSE:AMT), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. $136 is the highest target while $100 is the lowest. The $121.31 average target is 6.98% above today’s ($113.4) stock price. American Tower Corporation has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, August 6 by Morgan Stanley. The stock of American Tower Corp (NYSE:AMT) has “Outperform” rating given on Monday, November 9 by Macquarie Research. The rating was maintained by Argus Research with “Buy” on Wednesday, August 17. The stock has “Buy” rating given by SunTrust on Tuesday, September 13. The firm has “Buy” rating by Citigroup given on Wednesday, August 10. The company was maintained on Friday, July 29 by Jefferies. The company was upgraded on Wednesday, August 26 by Zacks. The firm has “Buy” rating by Stifel Nicolaus given on Monday, November 2. Citigroup maintained the stock with “Buy” rating in Monday, July 11 report. The rating was downgraded by Zacks on Monday, August 24 to “Buy”.

According to Zacks Investment Research, “American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.17, from 1.21 in 2016Q1. The ratio dropped, as 31 funds sold all American Tower Corp shares owned while 270 reduced positions. 76 funds bought stakes while 236 increased positions. They now own 390.54 million shares or 3.63% less from 405.23 million shares in 2016Q1.
Earnest Prtnrs Lc accumulated 726,570 shares or 0.9% of the stock. Deere has 28,511 shares for 0.17% of their US portfolio. Keybank Natl Association Oh, a Ohio-based fund reported 7,377 shares. Regions Fincl Corp reported 19,791 shares or 0.03% of all its holdings. Northern has 6.17M shares for 0.23% of their US portfolio. Profund Advsr Ltd Com holds 0.17% or 30,197 shares in its portfolio. The Georgia-based Signaturefd Ltd Liability Corp has invested 0.01% in American Tower Corp (NYSE:AMT). Moreover, Capstone Asset has 0.13% invested in American Tower Corp (NYSE:AMT) for 38,584 shares. Commerzbank Aktiengesellschaft Fi owns 17,119 shares or 0.01% of their US portfolio. Vantage Investment Advisors Limited Liability Corp holds 364 shares or 0.02% of its portfolio. Princeton Portfolio Strategies Grp Limited Liability Corporation last reported 52,957 shares in the company. Ledyard Comml Bank reported 58,089 shares or 1.19% of all its holdings. Moreover, First Personal Fincl Serv has 0% invested in American Tower Corp (NYSE:AMT) for 27 shares. Telemus Cap Ltd Liability accumulated 0.39% or 27,929 shares. Rhumbline Advisers holds 0.22% or 664,682 shares in its portfolio.

Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 20 sales for $51.61 million net activity. On Tuesday, June 7 the insider DOLAN RAYMOND P sold $1.22M. Another trade for 3,106 shares valued at $337,560 was sold by Meyer Robert Joseph JR. Another trade for 2,202 shares valued at $255,718 was sold by THOMPSON SAMME L. REEVE PAMELA D A also sold $1.13 million worth of American Tower Corp (NYSE:AMT) on Wednesday, August 17. On Monday, August 15 the insider TAICLET JAMES D JR sold $4.74M. Shares for $11.33 million were sold by Marshall Steven C. on Friday, July 8. On Monday, May 23 the insider SHARBUTT DAVID E sold $1.04 million.

American Tower Corporation is a holding company. The company has a market cap of $46.93 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 57.01 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

AMT Company Profile

American Tower Corporation (ATC), incorporated on October 24, 1996, is a holding company. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. The Company’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. The Company’s primary business is property operations, which include the 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 various other industries. The Company’s U.S. property segment includes activities in the United States. The Company’s Asia property segment includes activities in India. The EMEA property segment includes activities in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes activities in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Company’s services segment includes tower-related services in the United States, including site acquisition, zoning and permitting and structural analysis, which primarily supports its site leasing business, including the addition of tenants and equipment on its sites.

More important recent American Tower Corp (NYSE:AMT) news were published by: Fool.com which released: “The Big Risk American Tower Corp. Management Needs to Address” on October 26, 2016, also Forbes.com published article titled: “Time To Sell American Tower And Other Low Yielding REITs”, Businesswire.com published: “American Tower Corporation and PGGM Announce Creation of European Joint Venture” on October 27, 2016. More interesting news about American Tower Corp (NYSE:AMT) was released by: Nasdaq.com and their article: “American Tower Corp. Earnings Climb 15% In Q3” with publication date: October 27, 2016.

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