AMT stock: buy or sell?

AMT stock price: $233.42 0.51% At close on January 17th, 2020

Updated on:
January 17th, 2020

4

American Tower shares inched 0.51% to $233.42 yesterday.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

Is AMT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4Citigroupn/aNeutral
2019-9-19Morgan Stanleyn/aEqual Weight
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

AMT stock analysis

Daily outlook

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.

AMT stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $216.10

How 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:
AMT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-4CitigroupRaises Target$236.00$240.001.7%
2019-9-19Morgan StanleyRaises Target$201.00$216.007.5%
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%
(in average)$196.80$216.1010.0%
Moving in a range from $253.00 and $186.00, the price forecast for AMT stock is $216.10. In average, analysts' outlook on AMT price forecast is positive, improving the target by a 10.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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 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.

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% 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.
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 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:

AMT
Market cap$103.4 B
Total shares442.9 M
Float shares441.4 M
  - Institutional holdings (%)94.2%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

AMT summary

Friday, January 17th, 2020
Open$232.89
Close$233.42
Day range$232.59 - $234.41
Previous close$232.24
Session gain0.51%
Average true range$3.26
50d mov avg$218.16
100d mov avg$220.04
200d mov avg$212.13
Daily patternlt06a
Weekly pattern lb03c

American Tower performance

Performance 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 .
Stock3m6m12m
AMTAmerican Tower2.35%14.55%44.27%

American Tower competitors

Unfortunately, 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