American Tower Corp. [AMT] stock is trading at $193.76, up 3.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMT shares have gain 2.94% over the last week, with a monthly amount drifted -2.69%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, American Tower Corporation Announces Participation in Upcoming March Investor Conferences. In a post published today on Yahoo Finance, American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming March investor conferences:.
From an analyst’s perspective:
American Tower Corp. [NYSE: AMT] stock has seen the most recent analyst activity on December 14, 2023, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $245. Previously, Scotiabank started tracking the stock with Sector Outperform rating on October 13, 2023, and set its price target to $208. On July 13, 2023, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $230 on the stock. MoffettNathanson upgraded its rating to a Outperform and decreased its price target to $234 on March 30, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Deutsche Bank upgraded its rating to Buy for this stock on January 12, 2023, but kept the price target unchanged to $254. In a note dated January 10, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $215 to $245.
American Tower Corp. [AMT] stock has fluctuated between $154.58 and $219.10 over the past year. Currently, Wall Street analysts expect the stock to reach $268 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $193.76 at the most recent close of the market. An investor can expect a potential return of 38.32% based on the average AMT price forecast.
Analyzing the AMT fundamentals
American Tower Corp. [NYSE:AMT] reported sales of 11.14B for the trailing twelve months, which represents a growth of 3.02%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.31 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 188.23 points at the first support level, and at 182.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 197.56, and for the 2nd resistance point, it is at 201.36.
American Tower Corp. [AMT] reported earnings per share of $0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.94/share, meaning a difference of -$0.76 and a surprise factor of -80.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.26 per share as compared to estimates of $1.13 per share, a difference of $0.13 representing a surprise of 11.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.11, the price to book ratio is 21.52 and price to earnings (TTM) ratio is 61.04.
Transactions by insiders
Recent insider trading involved THOMPSON SAMME L, Director, that happened on Feb 26 when 2527.0 shares were sold. Director, REED JOANN A completed a deal on Nov 09 to sell 4856.0 shares. Meanwhile, Director HORMATS ROBERT D sold 150.0 shares on Oct 16.
