Getting to Know the Facts About American Tower

During the afternoon session, American Tower moved -1.4%, compared to 0.5% for the S&P 500.

American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts. The company is now trading -23.17% away from its average analyst target price of $251.18 per share. The 16 analysts following the stock have set target prices ranging from $224.0 to $275.0, and on average give American Tower a rating of buy.

Over the last year, AMT shares have gone down by -13.99%, which represents a difference of -4.76% when compared to the S&P 500. The stock's 52 week high is $278.37 per share and its 52 week low is $176.86. With its gross margins declining an average -10.22% over the last four years, American Tower may not have a strong enough business to reverse this trend.

Date Reported Revenue (k) Cost of Revenue (k) Gross Margin YoY Growth
2022-12-31 $10,711,100 $6,846,800 36.08% -17.74%
2021-12-31 $9,356,900 $5,253,300 43.86% -4.69%
2020-12-31 $8,041,500 $4,340,700 46.02% -38.1%
2019-12-31 $7,580,300 $1,945,400 74.34% 9.42%
2018-12-31 $7,440,100 $2,385,100 67.94% n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.