No Stopping American Tower Corp. (NYSE: AMT) These Days

money audit

American Tower Corp. (NYSE:AMT) does about 2.58M shares in volume on a normal day but saw 3158104 shares change hands in Friday’s trading. The company now has a market cap of 86.15B USD. Its current market price is $184.49, marking a decrease of -1.01% compared to the previous close of $186.37. The 52 week high reached by this stock is $219.10 whilst the lowest price level in 52 weeks is $154.58.

American Tower Corp. (AMT) has a 20-day trading average at $176.30 and the current price is -15.80% off the 52-week high compared with 19.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $188.09 and its 200-day simple moving average is $188.55. If we look at the stock’s price movements over the week, volatility stands at 2.27%, which decreases to 2.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.41 to suggest the stock is neutral.

The consensus objective for the share price is $224.65, suggesting that the stock has a potential upside of 17.88% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 01, 2024 when Raymond James upgraded the stock to “Strong Buy” and issued a price target of between $226 and $248. HSBC Securities initiated its price target at $245.

American Tower Corp. (AMT) stock is up 1.51% over the week and 3.27% over the past month. Its price is -14.54% year-to-date and -6.05% over the past year.

To reach the target analysts have set, the stock logically needs to grow 17.88 percent from here.

The company has a return on investment of 4.29% and return on equity of 43.68%. The price to earnings ratio (P/E ratio) amounts to 41.76 while the forward price to earnings ratio is 26.45. The beta has a value of 0.77. Price to book ratio is 21.28 and price to sales ratio is 7.68.