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After finishing at $184.85 in the prior trading day, American Tower Corp (NYSE: AMT) closed at $179.40, down -2.95%. In other words, the price has decreased by -$2.95 from its previous closing price. On the day, 4.7 million shares were traded. AMT stock price reached its highest trading level at $184.436 during the session, while it also had its lowest trading level at $179.04.
Ratios:
Our goal is to gain a better understanding of AMT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.53. In the meantime, Its Debt-to-Equity ratio is 12.30 whereas as Long-Term Debt/Eq ratio is at 11.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on October 10, 2024, Downgraded its rating to Equal Weight and sets its target price to $230 from $245 previously.
On July 01, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $230.
Raymond James Upgraded its Outperform to Strong Buy on May 01, 2024, whereas the target price for the stock was revised from $226 to $248.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when Goel Sanjay sold 5,000 shares for $238.00 per share. The transaction valued at 1,190,000 led to the insider holds 18,621 shares of the business.
Goel Sanjay bought 5,000 shares of AMT for $1,190,000 on Sep 13 ’24. On Sep 10 ’24, another insider, Noel Eugene M, who serves as the EVP & President, U.S. Tower of the company, sold 33,135 shares for $240.00 each. As a result, the insider received 7,952,400 and left with 26,740 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMT now has a Market Capitalization of 83831644160 and an Enterprise Value of 135560642560. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 75.63, and their Forward P/E ratio for the next fiscal year is 26.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.59 while its Price-to-Book (P/B) ratio in mrq is 23.02. Its current Enterprise Value per Revenue stands at 12.139 whereas that against EBITDA is 19.46.
Stock Price History:
Over the past 52 weeks, AMT has reached a high of $243.56, while it has fallen to a 52-week low of $170.46. The 50-Day Moving Average of the stock is -13.68%, while the 200-Day Moving Average is calculated to be -12.75%.
Shares Statistics:
The stock has traded on average 2.39M shares per day over the past 3-months and 2821240 shares per day over the last 10 days, according to various share statistics. A total of 467.28M shares are outstanding, with a floating share count of 465.48M. Insiders hold about 0.39% of the company’s shares, while institutions hold 93.38% stake in the company. Shares short for AMT as of 1732838400 were 4877735 with a Short Ratio of 2.04, compared to 1730332800 on 4761833. Therefore, it implies a Short% of Shares Outstanding of 4877735 and a Short% of Float of 1.2.
Dividends & Splits
In the trailing 12 months, AMT’s forward annual dividend rate was 6.56, compared to 6.56 this year. Against a Trailing Annual Dividend Yield of 0.035488233The stock’s 5-year Average Dividend Yield is 2.42.
