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NYSE:AMT
194.51
0.43 (0.22%) 1d
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May 17, 2024, 8:00 pm
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Investor Insights
This summary was created by AI, based on 13 opinions in the last 12 months.
American Tower (AMT-N) is a juggernaut in the cell tower industry with a strong historical growth rate and good free cash flows. However, the company carries a significant amount of debt, leading to concerns about its underperformance in recent years. Experts agree that high interest rates have negatively impacted AMT's share price and business, but its fundamentals remain strong. The company's exposure to interest rates and maturing business have led to a decline in stock price, but its well-diversified nature and strong prospects make it an attractive long-term investment.
Consensus
Mixed
Valuation
Fair Value
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COMMENT
American Tower(AMT-N)30/01/2024
A juggernaut in cell towers. Has done very well over time. However, they carry a lot of debt, which is why shares have underperformed in recent years. If interest rates stay high, AMT will have to deal with that.
Telecommunications
Alex Ruus
$197.570
Unknown
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BUY ON WEAKNESS
American Tower(AMT-N)25/09/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
AMT is a $77.5B REIT which pays a 3.8% yield. Forward sales and earnings estimates are decent, and its historical growth rates are strong. Its margins have been weakening over the past few years and its valuation has come down alongside the rapid rise in interest rates. It generates good free cash flows, which are partly used for distributions and partially for paying down debt. It has a good balance sheet, and it is fundamentally strong, but its valuations are somewhat high and declining based on competition from other high-yielding assets with much less risk such as GICs and high-interest savings accounts. We feel that a catalyst that could help its share price is interest rates stalling or even declining. The central banks indicating that they are done with hiking interest rates can act as a catalyst for AMT and other REITs.
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Telecommunications
Stockchase Insights
$165.720
Unknown
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DON'T BUY
American Tower(AMT-N)22/09/2023
Has looked at the business in the past.
Maturing business - reason for stock price decline.
Diversification of towers has peaked in North America.
Growth rates slowing.
Would not invest at this time.
Telecommunications
Gordon Reid
$167.430
No
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Unspecified
American Tower(AMT-N)18/09/2023
It leases tower space to cell phone providers. It has had good results and is well positioned and cheap. It does have exposure to dish and the dish network has been in decline.
Telecommunications
Andrew Pyle
$179.530
No
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PAST TOP PICK
American Tower(AMT-N)21/08/2023
(A Top Pick Jul 18/22, Down 27%)
Higher interest rates impacting share price and business.
Debt and leverage more expensive.
Fundamentals of company still strong.
Demand for 5G still growing.
Will continue to hold.
Good time to buy with share price weakness.
Telecommunications
Barry Schwartz
$174.690
Owned
UnlockRating
HOLD
American Tower(AMT-N)21/08/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
P/E today is 17.8X (as it has dropped since more since Aug 14). Net debt is about $42B. 12 month cash flow was $4.4B. Certainly it is a large debt burden. Interest expense last year was $1.2B. So carrying charges are about 25%+ of cash flow. But the business is stable, as is cash flow. We would not consider debt to be 'fatal', but servicing it can limit growth, and this is clear in the numbers and forecasts. Still, American Tower's total property revenue rose 4.4% in 2Q, including 6.2% organic growth and a 7.2% gain in its data-center revenue, highlighting the benefits of diversification. AMT raised the midpoint of its 2023 outlook, with increases of 1.2% and 1.1% in its property revenue and adjusted Ebitda. The latter grew 4.7% in 2Q, reflecting the company's keen focus on cost control. Its 2Q services revenue fell 27.9%, and management warned that this unit will remain soft in 2H as carriers reduce their 5G spending. AMT’s 2Q international organic tenant billings growth of 7.9% was above its 5.1% domestic rate, despite problems in India, where Vodafone Idea has struggled to pay the company on time. AMT is in the later stages of negotiating the sale of 50-100% of its stake in the country. We would consider it 'ok'. Not a sell, but not really compelling enough to buy.
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Telecommunications
Stockchase Insights
$174.690
Unknown
UnlockRating
HOLD
American Tower(AMT-N)11/08/2023
Tough year for the business.
Very high exposure to interest rates.
Long term contracts under pressure.
Well diversified business.
Prospects for the company are strong.
Telecommunications
Shane Obata
$187.090
Unknown
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SELL
American Tower(AMT-N)23/06/2023
He sold it, because there's slower topline growth as the customer curtails spending on the 5G as interest rates are higher and capex costs weigh on cash flows. Also, the PE is extended.
Telecommunications
Rob Sechan, Managing Partner, New Edge Capital
$186.030
No
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PAST TOP PICK
American Tower(AMT-N)23/06/2023
(A Top Pick Aug 30/22, Down 24%)
Stock pick not working out.
Business remains strong.
One of largest real estate investment trusts in USA.
Large focus on data centers & 5G networks.
Expecting further growth going away.
Real estate currently out of favor with rising interest rates (large amounts of debt).
Telecommunications
Brian Madden
$186.030
Owned
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BUY
American Tower(AMT-N)21/06/2023
Stock's down a lot, mainly due to interest rates and not execution. Hard to expect multiple expansion on REITs until rates peak and go down. A lot of debt. Very attractive here. Owns a very small allocation in his balanced and income portfolios. Sees more demand for data ahead. Regular dividend growth. Yield about 3.3%.
Telecommunications
Barry Schwartz
$188.700
Owned
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DON'T BUY
American Tower(AMT-N)08/06/2023
FMV is going up at one rate, but the price is going up at another. There's a tremendous gap, and that gap is always closed by the price coming down. Looks to be rolling over. FMV is 60% below its price. He wouldn't touch it.
Telecommunications
Ross Healy
$189.740
No
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HOLD
American Tower(AMT-N)24/05/2023
The cell phone tower is a growth industry, but these companies/stocks have not been doing well, hurt by higher interest rates. AMT is best of the low. Don't sell, but it won't boast the growth it once had.
Telecommunications
Jim Cramer - Mad Money
$185.090
Unknown
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DON'T BUY
American Tower(AMT-N)16/05/2023
Very large player in cell phone business (~200,000 towers world wide).
Business has slowed, but demand still strong.
Valuation high - trading at ~40x earnings.
Wait for shares to fall before buying.
Dividend yield worrying (not sure they can sustain).
Telecommunications
Gordon Reid
$191.040
No
UnlockRating
PAST TOP PICK
American Tower(AMT-N)10/01/2023
(A Top Pick Jul 15/22, Down 12%) They have quality assets you can't replicate. Have inflation protection through price increases. Also, more and more data will need their towers. A great long-term hold.
Telecommunications
Zachary Curry
$221.450
Owned
UnlockRating
BUY
American Tower(AMT-N)04/01/2023
Rising rates hit them and they were exposed to a rising USD. Now, rates are peaking and the USD is retreating. Had a tough 2022, but 2023 will be good.
Telecommunications
Karen Firestone, CEO, Aureus Asset Management
$218.030
Owned
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American Tower(AMT-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 11
Stockchase rating for American Tower is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
American Tower(AMT-N) Frequently Asked Questions
What is American Tower stock symbol?
American Tower is a American stock, trading under the symbol AMT-N on the New York Stock Exchange (AMT). It is usually referred to as NYSE:AMT or AMT-N
Is American Tower a buy or a sell?
In the last year, 11 stock analysts published opinions about AMT-N. 4 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for American Tower.
Is American Tower a good investment or a top pick?
American Tower was recommended as a Top Pick by on . Read the latest stock experts ratings for American Tower.
Why is American Tower stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is American Tower worth watching?
11 stock analysts on Stockchase covered American Tower In the last year. It is a trending stock that is worth watching.
What is American Tower stock price?
On 2024-05-17, American Tower (AMT-N) stock closed at a price of $194.51.
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