American Tower Corp (AMT) concluded trading on Thursday at a closing price of $179.40, with 4.7 million shares of worth about $843.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.93% during that period and on December 19, 2024 the price saw a loss of about -2.95%. Currently the company’s common shares owned by public are about 467.28M shares, out of which, 465.48M shares are available for trading.
Stock saw a price change of -9.33% in past 5 days and over the past one month there was a price change of -10.81%. Year-to-date (YTD), AMT shares are showing a performance of -16.90% which decreased to -14.98% 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 2.39 million. The stock is currently trading -11.06% below its 20-day simple moving average (SMA20), while that difference is down -13.68% for SMA50 and it goes to -12.75% lower than SMA200.
American Tower Corp (NYSE: AMT) currently have 467.28M outstanding shares and institutions hold larger chunk of about 93.38% of that.
The stock has a current market capitalization of $83.83B and its 3Y-monthly beta is at 0.84. PE ratio of stock for trailing 12 months is 75.63, while it has posted earnings per share of $2.37 in the same period. Its PEG reads 2.82 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 2.97% while standing at 2.07% over the month.
Stock’s fiscal year EPS is expected to rise by 53.77% while it is estimated to increase by 37.15% in next year. EPS is likely to grow at an annualized rate of 26.80% 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.
