What You Need To Know About American Tower Corporation (AMT)


American Tower Corporation (NYSE:AMT) finished Wednesday with a subtraction of -$3.75 to close at $234.15, a downside of -1.58 percent. An average of 2,026,720 shares of common stock have been traded in the last five days. There was a fall of -$17.67 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,563,795 shares traded, while the 50-day average volume stands at 1,471,140.

AMT stock has decreased by -13.20% in the last month. The company shares reached their 1-month lowest point of $234.04 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $220.00 and a high of $294.92 in 52 weeks. It has reached a new high 1 time so far this year and lost -19.95% or -$58.35 in price. In spite of this, the price is down -20.61% from the 52-week high.

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Insider Transactions

21 days have passed since American Tower Corporation (AMT) last reported insider trading activity. HORMATS ROBERT D, who is Director, most recently acquired $150 shares at $252.94 per share on Sep 01. In this transaction, the insider spent $37,941. Director, HORMATS ROBERT D, disposed of 150 shares at a price of $254.53 on Jul 01. The insider now owns more than $38,180 worth of shares. Prior to that, Director HORMATS ROBERT D went on to Sale 200 shares at $235.40 each on Jun 15. An amount of $47,080 was transacted.

Valuation Metrics

American Tower Corporation (AMT) has a trailing price-to-earnings (P/E) ratio of 38.49. The stock’s beta is 0.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.62, the price-to-book (PB) ratio at 15.44, and the price-to-cash flow ratio at 294.21.

The company has a payout ratio of 88.00%. The company’s most recent quarterly dividend payment was $1.43 a share, representing a up of 2.14% from $1.40 last year. Its latest increase dividend $0.03 reported on Thursday May 19 2022.

Financial Health

The quick ratio of American Tower Corporation for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.35 and a total debt to equity ratio of 5.87 for the quarter ending June 29. Its gross profit as reported stood at $3.13 billion compared to revenue of $9.36 billion.

Earnings Surprise

For the three-month period that ended June 29, American Tower Corporation had $37.24 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $898.2 million in the quarter, while revenues of $711.7 million were grew 16.91%. The analyst consensus anticipated American Tower Corporation’s latest quarter earnings to come in at $0.96 per share, but it turned out to be $1.95, a 103.10% surprise. For the quarter, EBITDA amounted to $1.61 billion. At the end of the quarter ending June 29, American Tower Corporation’s stock balance sheet showed total debt was $49.47 billion. Shareholders own equity worth $465.59 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at American Tower Corporation (AMT) price momentum. RSI 9-day as of the close on 21 September was 23.72%, suggesting the stock is oversold, with historical volatility in this time frame at 27.98%.

As of today, AMT’s price is $242.10 -7.02% or -$17.67 from its 5-day moving average. AMT is currently trading -11.72% lower than its 20-day SMA and -7.15% lower than its 100-day SMA. However, the stock’s current price level is -8.35% below the SMA50 and -12.29% below the SMA200.

The stochastic %K and %D were 9.02% and 10.92%, respectively, and the average true range (ATR) was 6.61. With the 14-day stochastic at 0.33% and the average true range at 6.36, the RSI (14) stands at 29.32%. The stock has reached -9.44 on the 9-day MACD Oscillator while the 14-day reading was at -12.11.

Analyst Ratings

The consensus rating for American Tower Corporation (AMT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMT, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 13 others rate it as a “buy”.

What is AMT’s price target for the next 12 months?

Analysts predict a range of price targets between $250.00 and $347.00, with a median target of $300.00. Taking a look at these predictions, the average price target given by analysts for American Tower Corporation (AMT) stock is $297.06.


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