American Tower Corp (AMT) concluded trading on Wednesday at a closing price of $197.47, with 8.12 million shares of worth about $1.6 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.90% during that period and on November 06, 2024 the price saw a loss of about -7.66%. Currently the company’s common shares owned by public are about 466.30M shares, out of which, 466.06M shares are available for trading.
Stock saw a price change of -7.50% in past 5 days and over the past one month there was a price change of -11.95%. Year-to-date (YTD), AMT shares are showing a performance of -8.53% which increased to 5.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $170.46 but also hit the highest price of $243.56 during that period. The average intraday trading volume for American Tower Corp shares is 2.09 million. The stock is currently trading -9.85% below its 20-day simple moving average (SMA20), while that difference is down -13.04% for SMA50 and it goes to -3.53% lower than SMA200.
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American Tower Corp (NYSE: AMT) currently have 466.30M outstanding shares and institutions hold larger chunk of about 93.20% of that.
The stock has a current market capitalization of $92.28B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 83.25, while it has posted earnings per share of $2.37 in the same period. Its PEG reads 3.27 while making debt-to-equity ratio of 12.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMT, volatility over the week remained 3.16% while standing at 2.38% over the month.
Stock’s fiscal year EPS is expected to rise by 72.64% while it is estimated to increase by 23.23% in next year. EPS is likely to grow at an annualized rate of 25.48% for next 5-years, compared to annual growth of 2.77% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on October 10, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $245 and $230 to it. Coverage by Goldman stated American Tower Corp (AMT) stock as a Buy in their note to investors on July 01, 2024, suggesting a price target of $230 for the stock. On May 01, 2024, Raymond James Upgrade their recommendations, while on April 08, 2024, Mizuho Initiated their ratings for the stock with a price target of $205. Stock get a Buy rating from HSBC Securities on December 14, 2023.
