American Tower Co. Receives “Moderate Buy” Rating from 19 Ratings Firms

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American Tower ($NYSE:AMT) Co. is a leading owner, operator, and developer of wireless and broadcast communications infrastructure in the United States. This rating signifies a good potential for stockholders to benefit from long-term market performance. The company’s investments in its portfolio of communications sites are expected to lead to increased customer demand for its services in the future.

Additionally, American Tower’s focus on cost containment is expected to drive further profitability in the near future. The company’s strong portfolio of communications sites and focus on cost containment are expected to increase returns to shareholders in the long-term. Investors should continue to monitor American Tower Co. closely as its stock price continues to remain volatile in the near future.

Stock Price

On Wednesday, AMERICAN TOWER Co. (AMT) stock opened at $182.3 and closed at $184.4, up by 1.3% from last closing price of 182.0. It is likely that this rating will act as a catalyst for further stock growth and investor confidence in the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for American Tower. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for American Tower. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for American Tower. More…

Key Ratios Snapshot

Some of the financial key ratios for American Tower are shown below. More…

Analysis

At GoodWhale, we recently performed an analysis of AMERICAN TOWER‘s wellbeing. Based on our Risk Rating, AMERICAN TOWER is a medium risk investment in terms of financial and business aspects. In other words, it’s possible to experience short-term losses, but there is also potential for long-term gains due to its current market position. We’ve also detected two risk warnings in the balance sheet, which are non-financial. At GoodWhale, we recommend that you register on our website to check it out if you want to invest in AMERICAN TOWER. Our analysis will provide you with insightful knowledge which will help you make the best decision for your investments. More…

Peers

The company owns and operates more than 40,000 wireless communication sites across the country. American Tower Corp’s main competitors are SBA Communications Corp, CyrusOne Inc, and Equinix Inc.

– SBA Communications Corp ($NASDAQ:SBAC)

SBA Communications Corporation is a holding company that operates as a real estate investment trust (REIT), which is engaged in the ownership and leasing of wireless communications infrastructure, including antenna sites, towers, other structures, and supporting assets.

As of December 31, 2020, the Company owned or operated approximately 40,000 communication sites in the United States, Brazil, Canada, Chile, Colombia, Germany, Guatemala, India, Mexico, Peru, South Africa, and Spain.

– CyrusOne Inc ($NASDAQ:EQIX)

Equinix is a company that provides data center and interconnection services to a variety of customers. Its market cap as of 2022 is 47.86B. The company has a variety of products and services that it offers to its customers, which include data center services, interconnection services, and a variety of other services.

Summary

American Tower Corporation is a leading owner, operator, and developer of telecommunications and broadcast towers in the United States. It has a strong presence in the US, Mexico, Brazil, India and Africa. Analysts have given American Tower an average recommendation of “Moderate Buy,” citing its large portfolio of infrastructure, its strong position in the telecommunications and broadcast industries, and its robust financial results.

Furthermore, analysts have highlighted American Tower’s ability to acquire additional infrastructure assets to further strengthen its position in the market, as well as its continued focus on expanding operations into new markets. With these factors in mind, investors should consider American Tower Corporation as a potential long-term investment opportunity.