Stock in Focus: American Tower Corporation(AMT)

Company Profile:

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 approximately 180,000 communications sites.

Recent News:

Oppenheimer’s Timothy Horan upgraded shares of American Tower REIT to Outperform on Friday, citing long-term growth potential and attractive valuations.

Its board of directors has declared its quarterly cash distribution of $1.10 per share on shares of the Company’s common stock. The distribution is payable on July 10, 2020 to the stockholders of record at the close of business on June 19, 2020.

For the first quarter of 2020, the company reported total revenue increased 9.9% to $1,993 million, property revenue increased 10.5% to $1,973 million and net income increased 2.7% to $419 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AMT’s strengths can be seen in its better growth, better profitability and better efficiency compared with its peers. Its revenue and net income have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 55.25 with positive bias. We rate American Tower Corporation(AMT) a STRONG BUY.

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