AMT Stock Summary and Trading Ideas (American Tower (Reit) | NYSE:AMT)

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.

American Tower (Reit) trades on the NYSE stock market under the symbol AMT.

As of January 29, 2025, AMT stock price declined to $183.63 with 1,501,065 million shares trading.

AMT has a beta of 0.34, meaning it tends to be less sensitive to market movements. AMT has a correlation of 0.02 to the broad based SPY ETF.

AMT has a market cap of $85.75 billion. This is considered a Large Cap stock.

Last quarter American Tower (Reit) reported $3 billion in Revenue and $2.64 earnings per share. This fell short of revenue expectation by $-238 million and exceeded earnings estimates by $.10.

In the last 3 years, AMT traded as high as $282.47 and as low as $154.58.

The top ETF exchange traded funds that AMT belongs to (by Net Assets): VNQ, VTI, VOO, SPY, IVV.

AMT has underperformed the market in the last year with a price return of -2.8% while the SPY ETF gained +24.9%. AMT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.6% and +2.7%, respectively, while the SPY returned +4.0% and +3.4%, respectively.

AMT support price is $183.53 and resistance is $190.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMT shares will trade within this expected range on the day.