Streetbeat News

AMT

American Tower Corporation

https://www.americantower.com

Industry

REIT - Specialty

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.

Open

207.77

Mkt cap

99B

Volume

3.8M

High

211.19

P/E Ratio

30.48

52-wk high

243.56

Low

205.98

Div yield

0.03

52-wk low

170.46

American Tower's subsidiary CoreSite has launched AWS Direct Connect's 400G connections at key US data centers, enhancing AI and big data capabilities. Despite this, AMT shares are trading lower. Investors can access AMT through ETFs like SRVR and DTCR.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 4:54 pm

On CNBC's 'Final Trades', experts discussed Taiwan Semiconductor, Regeneron Pharmaceuticals, American Tower, and Trane Technologies. Taiwan Semiconductor received a $7.5 billion investment approval, Regeneron faced a legal setback, American Tower received a price target increase, and Trane Technologies reported strong earnings.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 12:32 pm

The CNBC Halftime Report highlighted final trades including Trane Technologies, American Tower, Regeneron Pharmaceuticals, and Taiwan Semiconductor Manufacturing. These companies were discussed as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:01 pm

American Tower (NYSE:AMT) has significantly outperformed the market over the past 20 years, with an average annual return of 14.61%. A $100 investment in AMT 20 years ago would be worth $1,568.65 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 2:30 pm

JP Morgan analyst Philip Cusick maintains an Overweight rating on American Tower (NYSE:AMT) and raises the price target from $240 to $250.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:52 pm

Benzinga's Stock Whisper Index highlights five stocks with increased investor interest: AST SpaceMobile, Snap Inc, MicroStrategy, American Tower Corporation, and Visionary Holdings. AST SpaceMobile launched satellites, Snap faces a lawsuit, MicroStrategy increased Bitcoin holdings, American Tower sold its India business, and Visionary Holdings received investment from Saudi Arabia's PIF.

Portfolio Pulse from Chris Katje

September 13, 2024 | 2:53 pm

BMO Capital analyst Ari Klein maintains an Outperform rating on American Tower (NYSE:AMT) and raises the price target from $246 to $260.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:08 am

Top Wall Street analysts have updated their price targets for several companies, including Exact Sciences, Docebo, RenovoRx, Instil Bio, Domino's Pizza, Aramark, TransUnion, Advance Auto Parts, American Tower, and Alcon. Notably, Exact Sciences saw a significant price target increase from Piper Sandler, leading to a 9.8% rise in its stock price.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:21 pm

Analysts have provided mixed ratings for American Tower (NYSE:AMT) with a general trend towards bullishness. Recent price targets have increased, reflecting positive sentiment. American Tower's financials show strong revenue growth, profitability, and asset management, but high debt levels are a concern.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:01 pm

Mizuho analyst Vikram Malhorta maintains a Neutral rating on American Tower (NYSE:AMT) but raises the price target from $205 to $221.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:06 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.