The American Tower Corporation (REIT) (NYSE:AMT) is going down by -0.45% in today’s trading session, a fall equivalent to -0.98% of the stock’s price from yesterday’s market close. A news came out on 09/05/19 stating that American Tower to Present at the Bank of America Merrill Lynch 2019 Media, Communications and Entertainment Conference by WSJ. The lowest point that the shares touched during the trading session was $213.50, while the peak of the day was recorded at a share price of $222.99. AMT finished the previous session at $216.21 according to the data provided by Barchart, while the trading volume was observed to be $1,297,558.
In the 100 days of trading, AMT managed to top a 210.26% Moving average. Additionally, American Tower Corporation (REIT) shares have achieved a 52-week range between 140.40 and 242.00 alongside 100 days raw stochastic set at 50.31%.
The number of shares outstanding, according to the fundamentals of the company, is set at 448.70M, equal to the value of $97.01B in market capitalization. In the last 30 days, American Tower Corporation (REIT) shares went down by -10.98%, adding 242.00 to growth in value, on top of a +0.97% boost since 08/09/19.
American Tower Corporation (REIT) (NYSE:AMT) Analyst’s Estimates
American Tower Corporation (REIT) (AMT) could record at least $0.92 per share in quarterly earnings in the upcoming report on 10/31/2019, a number that would actually represent an increase of 17.77% YOY.
According to the average analyst rating, American Tower Corporation (REIT) would be rated as Overweight. Out of 18 different analysts monitoring AMT stock, 6 analysts rate the stock as a BUY, 11 suggest to give the rating of HOLD, 0 indicate that AMT is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Sep-04-19, the stock earned a Reiterated rating due to a new analyst call from Citigroup, while analysts from UBS believe that the stock is set at Neutral from Buy, as concluded on Jun-07-19. Wells Fargo, is still rather wary about the stock, deciding to keep the rating at Market Perform as confirmed through a call on Apr-15-19.
Regardless of the rating, BofA/Merrill did increase their price from $172 to $208 as they are considering target share price analysis. Oppenheimer, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Feb-28-19, giving the stock a Perform from the Outperform rating.
AMT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +42.36% has been attained, while the operating margin has been recorded at +21.35%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 3.73%. Beta value of the stock is recorded at 0.46. Additionally, American Tower Corporation (REIT) is recording price volatility of 3.13% for the period of the last seven days and 2.03% in the last 30 days.
American Tower Corporation (REIT) (NYSE:AMT) Technical Outlook
For the period of the last 50 days, American Tower Corporation (REIT) had its Raw Stochastic average set at 32.43% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 7.20%. Stochastic %K for American Tower Corporation (REIT), with the last 20 days included, was set at 13.41%, having Stochastic %D topping 32.54%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for American Tower Corporation (REIT) stocks with recording 36.68% in metrics.
American Tower Corporation (REIT) Insider Watch:
As far as the position of shares issued by American Tower Corporation (REIT) (NYSE:AMT) for the period concluded at the market close of 09/10/19, 559 institutional investors increased their positions in AMT shares by 17,359,954, 558 decreased positions by 20,798,301 and 205 institutional investors decided to hold positions at 379,025,177. These numbers put the complete list of institutional holdings set at 417,183,432 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 110 institutional investments with 997,041 new shares in addition to having 53 institutional investors selling their positions in 289,620 shares.