American Tower
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 a REIT.
Employees: 4,691
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
102% more call options, than puts
Call options by funds: $729M | Put options by funds: $361M
61% more first-time investments, than exits
New positions opened: 196 | Existing positions closed: 122
36% more funds holding in top 10
Funds holding in top 10: 28 [Q4 2024] → 38 (+10) [Q1 2025]
18% more capital invested
Capital invested by funds: $79.4B [Q4 2024] → $93.4B (+$14B) [Q1 2025]
2% more funds holding
Funds holding: 1,764 [Q4 2024] → 1,806 (+42) [Q1 2025]
0.64% less ownership
Funds ownership: 92.53% [Q4 2024] → 91.89% (-0.64%) [Q1 2025]
6% less repeat investments, than reductions
Existing positions increased: 681 | Existing positions reduced: 721
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Wells Fargo Eric Luebchow | 9%upside $230 | Overweight Maintained | 30 Jul 2025 |
JP Morgan Richard Choe | 21%upside $255 | Overweight Maintained | 30 Jul 2025 |
BMO Capital Ari Klein | 16%upside $245 | Outperform Maintained | 30 Jul 2025 |
Barclays Tim Long | 16%upside $245 | Overweight Maintained | 23 Jul 2025 |
UBS Batya Levi | 23%upside $260 | Buy Maintained | 8 Jul 2025 |
Financial journalist opinion
Based on 19 articles about AMT published over the past 30 days
