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American Tower
AMT

$197.03
0.13%
 

About: American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.

Employees: 5,643

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 10 analysts
0
News positive %
of 22 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

105% more call options, than puts

Call options by funds: $960M | Put options by funds: $468M

14% more repeat investments, than reductions

Existing positions increased: 723 | Existing positions reduced: 636

0.61% less ownership

Funds ownership: 92.87% [Q4 2023] → 92.26% (-0.61%) [Q1 2024]

3% less funds holding

Funds holding: 1,752 [Q4 2023] → 1,696 (-56) [Q1 2024]

9% less capital invested

Capital invested by funds: $93.4B [Q4 2023] → $84.8B (-$8.56B) [Q1 2024]

22% less funds holding in top 10

Funds holding in top 10: 37 [Q4 2023] → 29 (-8) [Q1 2024]

29% less first-time investments, than exits

New positions opened: 140 | Existing positions closed: 196

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$196
1%
downside
Avg. target
$223
13%
upside
High target
$248
26%
upside

10 analyst ratings

positive
80%
neutral
20%
negative
0%
Barclays
Tim Long
13%upside
$223
Overweight
Maintained
30 May 2024
Scotiabank
Maher Yaghi
13%upside
$223
Sector Outperform
Maintained
1 May 2024
BMO Capital
Ari Klein
12%upside
$220
Outperform
Maintained
1 May 2024
Raymond James
Ric Prentiss
26%upside
$248
Strong Buy
Upgraded
1 May 2024
Morgan Stanley
Simon Flannery
1%downside
$196
Equal-Weight
Maintained
15 Apr 2024

Financial journalist opinion

Based on 22 articles about AMT published over the past 30 days