AMT stock: buy or sell?

AMT stock price: $226.57 -0.85% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

After climbing for 4 days, Friday American Tower slightly fell a disappointing -0.85%, closing at $226.57.

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. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, 2 buy setups work for American Tower stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is American Tower stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 15 ratings published for AMT stock in the last 30 days.

Is AMT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-19KeyCorpn/aOverweight
2019-8-1SunTrust Banksn/aBuy
2019-8-1JPMorgan Chase & Co.n/aNeutral
2019-7-15KeyCorpn/aOverweight
2019-6-7UBS GroupBuyNeutral
2019-5-9Royal Bank of Canadan/aOutperform
2019-5-6SunTrust BanksBuyPositive
2019-5-20Morgan Stanleyn/aEqual Weight
2019-4-15Wells Fargo & CoOutperformMarket Perform
2019-3-6Royal Bank of CanadaOutperformPositive
2019-3-4CitigroupNeutralNeutral
2019-3-19Bank of American/aBuy
2019-3-13Edward JonesBuyHold
2019-3-11Morgan StanleyEqual WeightEqual Weight
2019-2-28Wells Fargo & Con/aOutperform

AMT stock analysis

Daily outlook

American Tower closed today at $226.57 after marking a new all time high ($231.64) even it couldn't close with gains and slightly fell a disappointing -0.85%.

American Tower slightly fell -0.85% to $226.57 after reaching all time highs today. AMT shows a sign of strength in the short-term after finally breaking out above $224.71 on Aug 9th and marking a new rising bottom. For the last 24 days when AMT stock price broke up the SMA50d line, it gained $21.00 (10.22%).

AMT stock chart (daily)

Weekly outlook

Shares of American Tower closed this week at $226.57 after marking a new all time high ($231.64) and gained a good 1.63%. For 4 weeks in a row, price soared and marked a profit of 10.69%. Late July AMT climbed a phenomenal 5.05% in just one week.

By mid October 2018 AMT price bounced up over the SMA of 20 weeks that acted as support stopping new slides.

AMT stock chart (weekly)

AMT stock price history

AMT stock went public on February 27th, 1998 with a price of $15.121. Since then, AMT stock grew a 1,398.50%, with a yearly average of 66.60%. If you had invested $1,000 in AMT stock in 1998, it would worth $13,985.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AMT stock historical price chart

AMT stock reached all-time highs today with a price of $231.64.

AMT stock price target is $209.80

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 targets for AMT stock released in the last month:
AMT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-19KeyCorpReiterates$225.00$253.0012.4%
2019-8-1SunTrust BanksRaises Targetn/a$230.00-
2019-8-1JPMorgan Chase & Co.Raises Target$200.00$220.0010%
2019-7-15KeyCorpReiterates$207.00$225.008.7%
2019-6-7UBS GroupDowngrades$195.00$222.0013.8%
2019-5-9Royal Bank of CanadaRaises Target$195.00$203.004.1%
2019-5-6SunTrust BanksRaises Targetn/a$210.00-
2019-5-20Morgan StanleyRaises Target$185.00$201.008.6%
2019-3-6Royal Bank of CanadaRaises Target$173.00$195.0012.7%
2019-3-4CitigroupRaises Target$176.00$186.005.7%
2019-3-19Bank of AmericaRaises Target$172.00$208.0020.9%
2019-3-11Morgan StanleyRaises Target$170.00$185.008.8%
2019-2-28Wells Fargo & CoReiterates$176.00$190.008%
(in average)$188.50$209.8011.0%
Moving in a range from $253.00 and $185.00, the price prediction for AMT stock is $209.80. In average, analysts' outlook on AMT price forecast is positive, upgrading the forecast by a 11.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, American Tower failed to meet the estimates of the analysts and reported a hair-raising EPS of $0.62 per share when experts were expecting $2.25.
AMT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.79n/a
2017-Q2-n/a0.8n/a
2017-Q32017-10-310.770.69-10.4%
2017-Q42018-02-271.641.59-3.0%
2018-Q12018-05-011.681.733.0%
2018-Q22018-07-311.731.99.8%
2018-Q32018-10-301.751.855.7%
2018-Q42019-02-272.250.62-72.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, American Tower annual sales skyrocketed an impressive 11.65% to $7,440.10 M USD from $6,663.90 marked in 2017. Instead, its income margin (compared to sales) declined to 16.62%, that is $1,236.40 million.

AMT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,360 M-$551 M16.4%-
2014$4,100 M22.03%$825 M20.1%49.62%
2015$4,772 M16.38%$685 M14.4%-16.95%
2016$5,786 M21.25%$956 M16.5%39.61%
2017$6,664 M15.18%$1,239 M18.6%29.53%
2018$7,440 M11.65%$1,236 M16.6%-0.20%

Quarterly financial results

American Tower reported $2,131.90 million in revenues for 2018-Q4, a 19.40% up compared to previous quarter. Reported quarter income marked $277.60 M with a profit margin of 13.02%. Profit margin slipped a -7.53% compared to previous quarter when profit margin was 20.55%. When comparing revenues to same quarter last year, American Tower sales marked an astounding growth and boosted a 25.07%. Looking back to recent quarterly results, American Tower posted 7 negative quarters in a row.
AMT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1,620 M-$316 M19.5%-
2017-Q2$1,660 M2.47%$367 M22.1%16.13%
2017-Q3$1,681 M1.25%$317 M18.9%-13.56%
2017-Q4$1,705 M1.41%$239 M14.0%-24.83%
2018-Q1$1,742 M2.19%$285 M16.4%19.58%
2018-Q2$1,781 M2.24%$307 M17.2%7.54%
2018-Q3$1,786 M0.26%$367 M20.5%19.63%
2018-Q4$2,132 M19.40%$278 M13.0%-24.34%

American Tower ownership

When you are planning to invest in shares of a stock, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For American Tower, 0.21% of all outstanding shares are owned by its staff.

Bearish positions for AMT stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

AMTCCICTLDRELAND
Market cap$100.3 B$60.9 B$12.2 B$12.0 B$213.2 M
Total shares442.7 M415.7 M1,090.0 M359.4 M18.5 M
Float shares441.1 M413.7 M967.5 M360.5 M18.7 M
  - Institutional holdings (%)95.7%94.5%75.2%96.3%31.5%
  - Insider holdings (%)0.2%0.4%0.8%0.2%13.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

AMT summary

Friday, August 23rd, 2019
Open$228.94
Close$226.57
Day range$225.57 - $231.64
Previous close$228.51
Session gain-0.85%
Average true range$4.31
50d mov avg$213.27
100d mov avg$205.63
200d mov avg$187.29
Daily patternlb02c
Weekly pattern lb11c

American Tower performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared American Tower against Crown Castle International, CenturyLink, Duke Realty, Gladstone Land, PotlatchDeltic, Power and Telephone and Data Systems in the following table:
Stock3m6m12m
AMTAmerican Tower12.09%29.42%56.09%
CCICrown Castle Inte...15.47%24.26%35.05%
CTLCenturyLink13.58%-12.83%-45.64%
DREDuke Realty9.64%12.67%22.00%
LANDGladstone Land-7.97%-3.75%-9.13%
PCHPotlatchDeltic5.52%0.83%-12.28%
PWPower71.74%81.64%71.17%
TDSTelephone and Dat...-20.99%-25.30%-19.19%

American Tower competitors

We chose a few stocks to conform a list of American Tower competitors to review if you are interested in investing in AMT:

Latest AMT stock news