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American Tower Corp (AMT)



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Upturn Advisory Summary
03/27/2025: AMT (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -19.04% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 100.77B USD | Price to earnings Ratio 31.15 | 1Y Target Price 233.2 |
Price to earnings Ratio 31.15 | 1Y Target Price 233.2 | ||
Volume (30-day avg) 2928639 | Beta 0.86 | 52 Weeks Range 166.36 - 239.67 | Updated Date 03/30/2025 |
52 Weeks Range 166.36 - 239.67 | Updated Date 03/30/2025 | ||
Dividends yield (FY) 3.15% | Basic EPS (TTM) 6.92 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 22.27% | Operating Margin (TTM) 46.01% |
Management Effectiveness
Return on Assets (TTM) 4.53% | Return on Equity (TTM) 31.77% |
Valuation
Trailing PE 31.15 | Forward PE 33.67 | Enterprise Value 142719586103 | Price to Sales(TTM) 9.95 |
Enterprise Value 142719586103 | Price to Sales(TTM) 9.95 | ||
Enterprise Value to Revenue 14.09 | Enterprise Value to EBITDA 19.95 | Shares Outstanding 467456992 | Shares Floating 466050210 |
Shares Outstanding 467456992 | Shares Floating 466050210 | ||
Percent Insiders 0.16 | Percent Institutions 94.7 |
Analyst Ratings
Rating 4.09 | Target Price 235.26 | Buy 6 | Strong Buy 9 |
Buy 6 | Strong Buy 9 | ||
Hold 7 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
American Tower Corp

Company Overview
History and Background
American Tower Corp. was founded in 1995 as a unit of American Radio Systems. It spun off as an independent company in 1998 and has grown to become a leading global REIT in wireless communications infrastructure.
Core Business Areas
- Property: Leasing space on multi-tenant communication sites to wireless service providers, government entities, and other communication companies. This includes towers, rooftops, and distributed antenna systems (DAS).
- Services: Offering services that support wireless infrastructure deployment, including site acquisition, zoning and permitting, structural analysis, and construction management.
- Data Centers: Providing data center services to support computing needs.
Leadership and Structure
Tom Bartlett is the CEO. The company operates with a board of directors and a structured executive management team overseeing various regions and business functions.
Top Products and Market Share
Key Offerings
- Tower Leasing: Leasing space on communication towers is the primary revenue generator. Market share information varies but American Tower is a leading player globally. Competitors include Crown Castle and SBA Communications.
- Distributed Antenna Systems (DAS): Providing in-building and outdoor DAS solutions to enhance wireless coverage. Market share is smaller compared to tower leasing. Competitors include Boingo Wireless and Mobilitie.
- Data Centers: Data center services to support computing needs. Competitors include Digital Realty Trust and Equinix.
Market Dynamics
Industry Overview
The wireless communications infrastructure industry is experiencing growth driven by increasing mobile data consumption, 5G deployment, and IoT expansion.
Positioning
American Tower is a leading global REIT that owns, operates, and develops multitenant communications real estate. The company has a global reach and strategic relationships with major telecom carriers.
Total Addressable Market (TAM)
The global telecommunications infrastructure market is projected to reach hundreds of billions of dollars. American Tower is well positioned to capture a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Extensive global tower portfolio
- Strong relationships with major telecom carriers
- Recurring revenue model
- Experienced management team
- Geographic Diversification
Weaknesses
- High debt levels
- Reliance on a few major tenants
- Exposure to currency fluctuations
- Capital intensive business
- Dependence on Telecom Carrier Investments
Opportunities
- 5G deployment
- Increased mobile data consumption
- Expansion into emerging markets
- Strategic acquisitions
- IoT growth
Threats
- Competition from other tower companies
- Technological disruptions
- Changes in government regulations
- Economic downturns
- Consolidation of telecom carriers
Competitors and Market Share
Key Competitors
- CCI
- SBAC
- UNIT
Competitive Landscape
American Tower benefits from its global scale and relationships but faces pricing pressure and technological changes from competitors. Its aggressive acquisiton strategy will influence future positioning.
Major Acquisitions
CoreSite Realty Corporation
- Year: 2021
- Acquisition Price (USD millions): 10100
- Strategic Rationale: Expanded American Tower's data center footprint and capabilities.
Telxius Towers
- Year: 2021
- Acquisition Price (USD millions): 9400
- Strategic Rationale: Enhanced European tower portfolio.
Growth Trajectory and Initiatives
Historical Growth: American Tower has achieved significant growth through organic expansion and strategic acquisitions.
Future Projections: Analysts project continued revenue growth driven by 5G and increasing data demand. Future acquisition will influence growth.
Recent Initiatives: Recent initiatives include expanding its tower portfolio in international markets and investing in new technologies like edge computing and smart towers.
Summary
American Tower demonstrates fundamental strength through its extensive global infrastructure and established presence in the telecom sector. Key strengths include consistent revenue generation from tower leasing and strategic acquisitions that expand market reach and capabilities. High debt levels and reliance on a few major tenants are challenges. American Tower is positioned to capitalize on growth drivers such as 5G deployment, increased data consumption, and strategic acquisitions.
Similar Companies
- CCI
- SBAC
- EQIX
- DLR
- VZ
- T
- TMUS
Sources and Disclaimers
Data Sources:
- Company filings (SEC), Analyst reports, Market research reports
Disclaimers:
Data is based on available information and may be subject to change. Investment decisions should be based on thorough due diligence and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About American Tower Corp
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1998-06-05 | President, CEO & Director Mr. Steven O. Vondran J.D. | ||
Sector Real Estate | Industry REIT - Specialty | Full time employees 4691 | Website https://www.americantower.com |
Full time employees 4691 | Website https://www.americantower.com |
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
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