American Tower stock: buy or sell

AMT stock price: $252.18 -0.19% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

American Tower stock brief

  • American Tower stock scarcely changed -0.19% to close at $252.18 on the stock market on Wednesday.
  • Jefferies Financial Group published a strong buy rating for American Tower last Monday, with a forecast of $278.00

Should I buy American Tower stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AMT stock a buy?

Currently, American Tower stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AMT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell American Tower stock?

When you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Like when we have to buy shares, choosing when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short $AMT stock

A guiding principle is that you should not hold a trading operation that generates higher than expected losses upon the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell American Tower stock?

In the current situation of American Tower there is not any eligible sell setup, so American Tower stock holders with operations in profit can keep their positions

American Tower ratings

In the last 30 days, 3 analyst ratings were published for American Tower. General sentiment is bullish, with 2 out of 3 publishing positive outlooks

American Tower analysts' ratings - Last month
Brokerage firmRating
Mar 31st, 2021
KeyCorp
Apr 12th, 2021
Jefferies Financial Group Strong buy
Apr 19th, 2021
Jefferies Financial Group Strong buy

American Tower stock analysis

SMAs overview

AMT stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $252.50 (0.13% above)
  • R2: $254.27 (0.83% above)
  • R3: $263.98 (4.68% above)
  • The current supports are:

  • S1: $250.37 (-0.72% below)
  • S2: $249.23 (-1.17% below)
  • S3: $245.13 (-2.80% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price sliced by 0.66%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    AMT stock Bollinger Bands chart

    Relative strength index

    Crossed over the overbought line Wednesday, marking a reading of 72.39. The fact that the value is in the overbought zone does not imply a sell point, as shares can rise during several weeks being above 70

    AMT stock RSI chart

    American Tower stock price history

    American Tower started trading priced at an adjusted price1 of $14.64 on Feb 1998. Since then, AMT stock surged by 1,622.54%, with an average of 70.55% per year. If you had invested thousand dollars in American Tower stock on Feb 1998, it would worth $17,225.41 today.

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

    AMT stock price history chart

    Price target for American Tower stock

    Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by analysts in the last month. Again, these estimates are not direct recommendations for individual traders and should not be trusted blindly.

    There are 3 price forecasts posted for American Tower that average $277.00. That is a 9.84% than the current price ($252.18).

    American Tower stock price predictions
    Brokerage firmPrice target
    Mar 31st, 2021
    KeyCorp $275.00
    Apr 12th, 2021
    Jefferies Financial Group $278.00
    Apr 19th, 2021
    Jefferies Financial Group $278.00

    Earnings and financials

    American Tower ($AMT) had the financial call and posted the report last February. American Tower posted earnings of $2.10 per share on revenue of $2.1 billion. The market estimate was $1.27 per share on revenue of $2.1 billion.

    This compares to Earnings of $1.26 per share a year ago, so reported EPS is an increase of 66.67%. Looking at turnover, figures grew a 10.33% compared to $19.2B same quarter 12 months ago.

    American Tower ($AMT) will host the quarterly earnings call next Wednesday. Forecasted for this quarter is $1.27, compared to $2.10 that was reported for Q4.

    American Tower performance

    AMT performance compared
    Company1m3m6m
    American Tower ($AMT) 11.90% 14.70% 5.50%

    Important:
    The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the individual circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative motives only

    American Tower summary

    Wednesday, April 21st, 2021
    Open$254.07
    Close$252.18
    Day range$251.07 - $255.03
    Previous close$252.67
    Session gain-0.19%
    Average true range$4.77
    50d mov avg$226.62
    100d mov avg$224.40
    200d mov avg$234.20
    Earnings dateApril 28th, 2021

    Frequently asked questions

    What is American Tower stock symbol?

    American Tower Corporation (REIT) is a public company trading in the US stock market with the AMT symbol

    Is American Tower stock a buy or sell?

    American Tower received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will AMT go up?

    American Tower had different price predictions published by market analysts in the last month setting the target price to $277.00. That is a 9.84% than the last price ($252.18).