American TowerAMT
Market Cap: 99.8B
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
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
104% more call options, than puts
Call options by funds: $1.13B | Put options by funds: $552M
15% more repeat investments, than reductions
Existing positions increased: 729 | Existing positions reduced: 636
0.4% less ownership
Funds ownership: 92.86% [Q4 2023] → 92.45% (-0.4%) [Q1 2024]
3% less funds holding
Funds holding: 1,751 [Q4 2023] → 1,705 (-46) [Q1 2024]
9% less capital invested
Capital invested by funds: $93.4B [Q4 2023] → $85B (-$8.37B) [Q1 2024]
19% less funds holding in top 10
Funds holding in top 10: 37 [Q4 2023] → 30 (-7) [Q1 2024]
24% less first-time investments, than exits
New positions opened: 144 | Existing positions closed: 190
Research analyst outlook
11 Wall Street Analysts provided 1 year price forecasts over the past 6 months
11 analyst ratings
Wells Fargo Eric Luebchow | 5%upside $225 | Overweight Maintained | 15 Jul 2024 |
Goldman Sachs James Schneider | 8%upside $230 | Buy Initiated | 1 Jul 2024 |
Barclays Tim Long | 4%upside $223 | Overweight Maintained | 30 May 2024 |
Scotiabank Maher Yaghi | 4%upside $223 | Sector Outperform Maintained | 1 May 2024 |
BMO Capital Ari Klein | 3%upside $220 | Outperform Maintained | 1 May 2024 |
Financial journalist opinion
Based on 25 articles about AMT published over the past 30 days