The Evolving Telecom Sector: Opportunity or Land Mine?

AMT earnings call for the period ending December 31, 2018. American Tower declared a quarterly dividend on Thursday, September 10th. American Tower employs 5,454 workers across the globe. A Warner Media Company. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. AMT stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Pacer Advisors Inc., Bartlett & Co. LLC, Envestnet Asset Management Inc., Gateway Investment Advisers LLC, Cullinan Associates Inc., Carnegie Capital Asset Management LLC, and Avantax Advisory Services Inc.. View insider buying and selling activity for American Tower. View which stocks have been most impacted by COVID-19. Start a 14-day free trial to Morningstar Premium to unlock our take on AMT. • Is Intel's Stock a Buy as We Head into 2021? Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. . As of September 30th, there was short interest totaling 2,310,000 shares, a decrease of 21.7% from the September 15th total of 2,950,000 shares. Since then, AMT stock has increased by 4.2% and is now trading at $242.64. On average, they anticipate American Tower's stock price to reach $273.25 in the next twelve months. Has American Tower Corporation REIT (AMT) Outpaced Other Finance Stocks This Year? This indicates that American Tower will be able to sustain or increase its dividend. Fundamental company data provided by Morningstar and Zacks Investment Research. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. (Add your “underperform” vote.). According to analysts' consensus price target of $273.25, American Tower has a forecasted upside of 12.0% from its current price of $243.99. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter. Tech & Telecom: Big Data Takes Many Forms, so Choose Wisely. *BMO = Before Market Open *AMC = After Market Close. American Tower pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends. American Tower has a market capitalization of $107.63 billion and generates $7.58 billion in revenue each year. AMT earnings call for the period ending March 31, 2020. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Get short term trading ideas from the MarketBeat Idea Engine. American Tower leases antenna space on its towers to wireless service providers as well as to radio and television broadcast companies. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. The telecommunications REIT was a particularly strong performer in the stock market rebound. 14 brokerages have issued twelve-month target prices for American Tower's shares. The arrival of 5G has fueled investors' appetites for seemingly any firm they perceive will be affected by the new technology. Information Providers, or gathered by Zacks Investment Research, Inc. from Enjoy free access to the POWR Ratings for all stocks and ETFs on the quote pages. Since then, AMT stock has increased by 4.1% and is now trading at $242.41.

We should note, though, that all scenearios modelled for this stock suggest it is overvalued. This Large-Growth Fund Isn't Afraid to Go Its Own Way. Is it Time to Dump American Tower Corp (AMT) Stock After it Is Up 2.36% in a Week? Click here to watch the full series. Learn about AMT with our data and independent analysis including price, star rating, valuation, dividends, and financials.

Let's conquer your financial goals together...faster. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The Fool has written over 300 articles on American Tower. © Copyright 2020 Morningstar, Inc. All rights reserved. American Tower owns and operates roughly 180,000 cell towers throughout the U.S., Asia, Latin America, Europe, and the Middle East. During the same quarter last year, the company posted $2.01 earnings per share. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts. Disclaimer. A wireless and broadcast communications infrastructure company. Double-digit growth around the world should continue for many years. It was a relatively calm quarter for domestic-stock funds. The dividend payout ratio of American Tower is 58.99%. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It's a good idea to include these three companies in your portfolio to enjoy long-term growth, even in the face of the pandemic. Zacks Rank Education -- Learn more about the Zacks Rank The ex-dividend date is Friday, September 25th. Wells... Citibank has reiterated its Buy rating on American Tower (AMT) in a look at the communications towers sector in the wake of AMT's new 15-year master lease agreement with T-Mobile (TMUS).

These returns cover a period from January 1, 1988 through August 31, 2020. Since then, AMT stock has increased by 3.9% and is now trading at $241.94. Should investors be concerned? Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. 90.60% of the stock of American Tower is held by institutions. Asset size makes it difficult for this Bronze-rated fund to buy REITs at the lower end of the market-cap spectrum. • Forget Tesla: These 3 Growth Stocks are Better Buys, • 3 Low Priced Stocks to Buy & Hold into 2021. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The long-tenured manager of this Gold-rated fund's bond sleeve is retiring in June. Sign-up to receive the latest news and ratings for AMT and its competitors with MarketBeat's FREE daily newsletter.

Copyright © 2020. Third Quarter in U.S. Stock Funds: Steady as She Goes.