American Tower Set to End Six-Day Winning Streak

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American Tower ($NYSE:AMT) Corporation is a leading independent owner, operator, and developer of wireless and broadcast communications real estate worldwide. Its portfolio of communications sites provides wireless network coverage and capacity to wireless service providers, as well as broadcasters. Recently, American Tower is set to end its six-day streak of gains due to the unpredictable stock market fluctuation. The decline in the company’s stock is mainly attributed to the rising bond yields across the markets.

Share Price

On Thursday, AMERICAN TOWER, one of the largest telecommunications tower operators in the U.S., saw its stock open at $216.7 and close at $217.2, a mere 0.2% increase from its prior closing price of 216.7. This put an end to the company’s six-day winning streak; during this period, its stock had experienced a steady and healthy rise, signaling strong investor confidence in the company. Despite this slight dip, AMERICAN TOWER stock remains a strong buy for those looking to add telecommunications-related stocks to their portfolio. 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

We at GoodWhale have conducted an analysis of AMERICAN TOWER‘s fundamentals. According to our Star Chart, AMERICAN TOWER is classified as ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. This would suggest that income investors may be interested in such a company, given its reliability. When it comes to AMERICAN TOWER’s other financials, we can see that it is strong in dividend, and medium in asset, growth, profitability. In terms of health score, AMERICAN TOWER has an intermediate score of 5/10, which suggests that it might be able to pay off debt and fund future operations. 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 (AMT) is a leading global owner, operator and developer of wireless and broadcast communication infrastructure. The stock has been on a six-day winning streak, however, it appears that this streak may be coming to an end. Analysts are expecting the stock to continue to climb as the demand for 5G networks increases, however, investors should be aware that there are risks associated with investing in AMT. Despite the potential for growth, AMT’s stock price is volatile and investors should be aware of these potential risks before investing.