American Tower Corp. (NYSE: AMT) has a higher price-to-earnings ratio of 49.94x compared to its average ratio, The 36-month beta value for AMT is at 0.80. Analysts have varying views on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AMT is 465.89M, and currently, shorts hold a 1.28% of that float. The average trading volume for AMT on July 30, 2024 was 2.17M shares.
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AMT) stock’s latest price update
The stock of American Tower Corp. (NYSE: AMT) has increased by 2.66 when compared to last closing price of 214.93.Despite this, the company has seen a gain of 5.31% in its stock price over the last five trading days. zacks.com reported 2024-07-30 that Although the revenue and EPS for American Tower (AMT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AMT’s Market Performance
AMT’s stock has risen by 5.31% in the past week, with a monthly rise of 13.51% and a quarterly rise of 26.09%. The volatility ratio for the week is 2.18% while the volatility levels for the last 30 days are 2.02% for American Tower Corp. The simple moving average for the last 20 days is 7.55% for AMT’s stock, with a simple moving average of 13.68% for the last 200 days.
Analysts’ Opinion of AMT
Many brokerage firms have already submitted their reports for AMT stocks, with Goldman repeating the rating for AMT by listing it as a “Buy.” The predicted price for AMT in the upcoming period, according to Goldman is $230 based on the research report published on July 01, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see AMT reach a price target of $248, previously predicting the price at $226. The rating they have provided for AMT stocks is “Strong Buy” according to the report published on May 01st, 2024.
Mizuho gave a rating of “Neutral” to AMT, setting the target price at $205 in the report published on April 08th of the current year.
AMT Trading at 11.33% from the 50-Day Moving Average
After a stumble in the market that brought AMT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.71% of gains for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +13.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.60% upper at present.
During the last 5 trading sessions, AMT rose by +4.77%, which changed the moving average for the period of 200-days by +32.54% in comparison to the 20-day moving average, which settled at $206.43. In addition, American Tower Corp. saw 2.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMT starting from Goel Sanjay, who sale 3,504 shares at the price of $200.36 back on Jun 04 ’24. After this action, Goel Sanjay now owns 28,413 shares of American Tower Corp., valued at $702,061 using the latest closing price.
HORMATS ROBERT D, the Director of American Tower Corp., sale 700 shares at $183.50 during a trade that took place back on May 03 ’24, which means that HORMATS ROBERT D is holding 7,332 shares at $128,450 based on the most recent closing price.
Stock Fundamentals for AMT
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.59 for the gross margin
The net margin for American Tower Corp. stands at 0.18. The total capital return value is set at 0.06. Equity return is now at value 43.68, with 3.09 for asset returns.
Based on American Tower Corp. (AMT), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 9.87. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 6.51 billion with net debt to EBITDA at 6.7. When we switch over and look at the enterprise to sales, we see a ratio of 13.15. The receivables turnover for the company is 9.5for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In conclusion, American Tower Corp. (AMT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
