Don't Judge American Tower on Technicals Alone - Check Its Fundamentals!

By Kim Brooks • Tuesday, June 20 12:33 • Permanent Link

American Tower logged a -0.7% change during today's afternoon session, and is now trading at a price of $191.47 per share. The S&P 500 index moved -1.0%. AMT's trading volume is 719,471 compared to the stock's average volume of 2,000,432.

American Tower trades -20.59% away from its average analyst target price of $241.13 per share. The 15 analysts following the stock have set target prices ranging from $213.0 to $271.0, and on average have given American Tower a rating of buy.

If you are considering an investment in AMT, you'll want to know the following:

American Tower's current price is 480.4% above its Graham number of $32.99, which implies that at its current valuation it does not offer a margin of safety
American Tower has moved -21.9% over the last year, and the S&P 500 logged a change of 17.1%
Based on its trailing earnings per share of 2.97, American Tower has a trailing 12 month Price to Earnings (P/E) ratio of 64.5 while the S&P 500 average is 15.97
AMT has a forward P/E ratio of 38.9 based on its forward 12 month price to earnings (EPS) of $4.92 per share
The company has a price to earnings growth (PEG) ratio of 4.57 — a number near or below 1 signifying that American Tower is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 16.5 compared to its sector average of 2.24
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 226,000 communications sites and a highly interconnected footprint of U.
Based in Boston, the company has 6,391 full time employees and a market cap of $89.23 Billion. American Tower currently returns an annual dividend yield of 3.1%.

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.