AMT stock: buy or sell?
January 17th, 2020
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.
Should I buy AMT stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, American Tower stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is American Tower stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we gathered 15 ratings published for AMT stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-19||Morgan Stanley||n/a||Equal Weight|
|2019-8-1||JPMorgan Chase & Co.||n/a||Neutral|
|2019-5-9||Royal Bank of Canada||n/a||Outperform|
|2019-5-20||Morgan Stanley||n/a||Equal Weight|
|2019-4-15||Wells Fargo & Co||Outperform||Market Perform|
|2019-3-6||Royal Bank of Canada||Outperform||Positive|
|2019-3-19||Bank of America||n/a||Buy|
AMT stock analysis
American Tower shares inched 0.51% to $233.42 yesterday.
Shares of American Tower inched a slightly fine 0.51% and closed at $233.42. From a daily perspective, AMT is in a short term uptrend after plotting its last bottom ($221.62, on January/7) higher than the previous bottom, and its last top ($236.74, on Wednesday) also over the previous top. Now trading in between its last bottom and last top AMT might consolidate in a plain range, waiting to break out over $236.74 or down under $221.62. Since Dec 19th when AMT stock price broke up the SMA100d line, it gained $16.44 (7.58%). On September, AMT hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers.
Shares of American Tower closed this week at $233.42 and stepped up a slightly good 1.14%. By mid December 2019 AMT boosted a super good 6.69% in just one week.
American Tower shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom last week, AMT stock climbed unceasignly breaking out above its last top at $231.15. Since price and SMA40w lines crossed up by mid November 2019, AMT climbed $28.47 (13.89%). Far behind is the all-time high American Tower hit early September but price is just -2.70% below that top. Since this week when SMA10w and SMA20w crossed up, AMT price gained $2.62 per share (1.14%).
AMT stock price history
AMT stock went public on February 27th, 1998 with a price of $14.991. Since then, AMT stock surged a 1,457.20%, with a yearly average of 69.40%. If you had invested $1,000 in AMT stock in 1998, it would worth $14,572.00 today.
1: Adjusted price after possible price splits or reverse-splits.
AMT stock historical price chart
AMT stock reached all-time highs on September with a price of $239.89.
AMT stock price target is $216.10How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' AMT stock price predictions in the hope that they will be met as they may be wrong and not met. We have 13 price forecasts for American Tower stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-19||Morgan Stanley||Raises Target||$201.00||$216.00||7.5%|
|2019-8-1||SunTrust Banks||Raises Target||n/a||$230.00||-|
|2019-8-1||JPMorgan Chase & Co.||Raises Target||$200.00||$220.00||10%|
|2019-5-9||Royal Bank of Canada||Raises Target||$195.00||$203.00||4.1%|
|2019-5-6||SunTrust Banks||Raises Target||n/a||$210.00||-|
|2019-5-20||Morgan Stanley||Raises Target||$185.00||$201.00||8.6%|
|2019-3-6||Royal Bank of Canada||Raises Target||$173.00||$195.00||12.7%|
|2019-3-19||Bank of America||Raises Target||$172.00||$208.00||20.9%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, American Tower failed to meet the expectations of the analysts and posted a spooky EPS of $0.62 per share when experts were expecting $2.25.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, American Tower annual sales climbed an impressive 11.65% to $7,440.10 million USD from $6,663.90 marked in 2017. In contrast, its earnings margin (compared to sales) depreciated to 16.62%, that is $1,236.40 million.
|2013||$3,360 M||-||$551 M16.4%||-|
|2014||$4,100 M||22.03%||$825 M20.1%||49.62%|
|2015||$4,772 M||16.38%||$685 M14.4%||-16.95%|
|2016||$5,786 M||21.25%||$956 M16.5%||39.61%|
|2017||$6,664 M||15.18%||$1,239 M18.6%||29.53%|
|2018||$7,440 M||11.65%||$1,236 M16.6%||-0.20%|
Quarterly financial resultsAmerican Tower reported $2,131.90 million in revenues for 2018-Q4, a 19.40% improvement compared to previous quarter. Reported quarter earnings marked $277.60 M with a profit margin of 13.02%. Profit margin dropped a -7.53% compared to previous quarter when profit margin was 20.55%. When comparing sales to same quarter last year, American Tower sales marked an outstanding growth and rocketed a 25.07%. Looking back to recent quarterly results, American Tower posted 7 positive quarters in a row.
|2017-Q1||$1,620 M||-||$316 M19.5%||-|
|2017-Q2||$1,660 M||2.47%||$367 M22.1%||16.13%|
|2017-Q3||$1,681 M||1.25%||$317 M18.9%||-13.56%|
|2017-Q4||$1,705 M||1.41%||$239 M14.0%||-24.83%|
|2018-Q1||$1,742 M||2.19%||$285 M16.4%||19.58%|
|2018-Q2||$1,781 M||2.24%||$307 M17.2%||7.54%|
|2018-Q3||$1,786 M||0.26%||$367 M20.5%||19.63%|
|2018-Q4||$2,132 M||19.40%||$278 M13.0%||-24.34%|
American Tower ownershipWhen you are planning to invest in a company, it's worth to review its ownership structure.
American Tower shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.30% of all shares.
Bearish positions for AMT stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$103.4 B|
|Total shares||442.9 M|
|Float shares||441.4 M|
|- Institutional holdings (%)||94.2%|
|- Insider holdings (%)||0.3%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$232.59 - $234.41|
|Average true range||$3.26|
|50d mov avg||$218.16|
|100d mov avg||$220.04|
|200d mov avg||$212.13|
American Tower performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For American Tower, the comparison is made against .
American Tower competitorsUnfortunately, we could not find any public company that could be defined as American Tower competitor. This doesn't mean American Tower does not have any competitor in the market, it's just we could not detected it.
Latest AMT stock news
- Seeking AlphaPut Sprint Profits Into American Tower, A Long-Term Winner Of The Merger DealJuly 29, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: American Tower, AT&T and AllstateApril 2, 2019
- Seeking AlphaAmerican Tower: Ready To PopJuly 27, 2018