American Tower Corp. [AMT] stock prices are down -0.59% to $171.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AMT shares have lost -4.28% over the last week, with a monthly amount drifted -13.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
American Tower Corp. [NYSE: AMT] stock has seen the most recent analyst activity on April 08, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $205. Previously, HSBC Securities started tracking the stock with Buy rating on December 14, 2023, and set its price target to $245. On October 13, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $208 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $230 on July 13, 2023. MoffettNathanson upgraded its rating to a Outperform and reduced its price target to $234 on March 30, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on January 23, 2023. In a note dated January 12, 2023, Deutsche Bank upgraded an Buy rating on this stock but restated the target price of $254.
The stock price of American Tower Corp. [AMT] has been fluctuating between $154.58 and $219.10 over the past year. Currently, Wall Street analysts expect the stock to reach $260.33 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $171.00 at the most recent close of the market. An investor can expect a potential return of 52.24% based on the average AMT price forecast.
Analyzing the AMT fundamentals
The American Tower Corp. [NYSE:AMT] reported sales of 11.14B for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.23.
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 169.76 points at the first support level, and at 168.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.15, and for the 2nd resistance point, it is at 175.30.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.17, the price to book ratio is 18.99 and price to earnings (TTM) ratio is 53.84.
Transactions by insiders
Recent insider trading involved Font Juan, SVP, Pres. & CEO, CoreSite, that happened on Mar 15 ’24 when 540.0 shares were sold. EVP, CFO & Treasurer, Smith Rodney M completed a deal on Mar 06 ’24 to sell 11510.0 shares. Meanwhile, President and CEO Vondran Steven O sold 3265.0 shares on Mar 04 ’24.
