American Tower’s Valuation Drops to Secular Low

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American Tower ($NYSE:AMT) is a leading global provider of wireless communications infrastructure. American Tower’s valuation has dropped to a secular low, as you can see from the following chart. In terms of dividend yield, it is currently yielding 3.01%. The company’s stock price has been under pressure due to concerns about the future of the wireless industry.

The future of the wireless industry is uncertain, as 5G technology is still in its early stages of development. Nevertheless, American Tower is a well-positioned company with a strong balance sheet and a diversified portfolio of assets.

Dividends

American Tower’s valuation has dropped to a secular low, according to recent data. The company issued a dividend per share of 5.53 USD for FY2022 Q2 as of June 30, compared to dividends of 5.21 USD and 4.53 USD issued last two years. Its dividend yields from 2020 to 2022 are 1.94%, 1.94%, 2.05%, thus three-year average dividend yield is 1.98%. In addition, the company has been facing increased competition from other tower operators, such as Crown Castle and SBA Communications.

Market Price

Media sentiment towards American Tower is mostly negative at the moment, as the stock valuation has dropped to a secular low. However, on Thursday the stock opened at $179.9 and closed at $189.8, up by 3.3% from the previous day’s closing price of 183.8. This could be a sign that the stock is beginning to recover from its recent slump.

VI Analysis

American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate. The company’s fundamentals reflect its long term potential, with a strong balance sheet, healthy cash flow and growing dividend.

However, VI app has detected 3 risk warnings in the company’s balance sheet, non-financial and financial journal. These warnings indicate that the company may be facing some financial and business risks in the future. Therefore, investors should carefully consider these risks before investing in American Tower.

Summary

Investing in American Tower may be a good idea despite the current negative media sentiment. The stock price has moved up recently, indicating that there may be some investor confidence in the company. American Tower’s valuation is also at a secular low, meaning that now may be a good time to buy into the company.