AMT stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|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|
|2019-3-11||Morgan Stanley||Equal Weight||Equal Weight|
|2019-2-28||Wells Fargo & Co||n/a||Outperform|
AMT stock analysis
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%).
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 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 $209.80Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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%|
|2019-3-11||Morgan Stanley||Raises Target||$170.00||$185.00||8.8%|
|2019-2-28||Wells Fargo & Co||Reiterates||$176.00||$190.00||8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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% 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.
|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 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:
|Market cap||$100.3 B||$60.9 B||$12.2 B||$12.0 B||$213.2 M|
|Total shares||442.7 M||415.7 M||1,090.0 M||359.4 M||18.5 M|
|Float shares||441.1 M||413.7 M||967.5 M||360.5 M||18.7 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$225.57 - $231.64|
|Average true range||$4.31|
|50d mov avg||$213.27|
|100d mov avg||$205.63|
|200d mov avg||$187.29|
American Tower performancePerformance 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:
|CCICrown Castle Inte...||15.47%||24.26%||35.05%|
|TDSTelephone and Dat...||-20.99%||-25.30%||-19.19%|
American Tower competitorsWe chose a few stocks to conform a list of American Tower competitors to review if you are interested in investing in AMT:
- Crown Castle International (CCI)
- CenturyLink (CTL)
- Duke Realty (DRE)
- Gladstone Land (LAND)
- PotlatchDeltic (PCH)
- Power (PW)
- Telephone and Data Systems (TDS)
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