NYSE:AMT

American Tower (AMT)

189.10
-5.02 (2.59%)
as of Jun 8, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 8, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

American Tower (AMT) is facing a complex outlook as current reviews suggest a dual perspective on its investment viability. On one hand, there is increasing concern regarding a slowdown in tower demand, which has led to perceptions that AMT might not be as compelling an investment as it once was. Conversely, experts acknowledge that the company is fundamentally strong, benefiting from a wide economic moat that provides it with a competitive advantage. This resilience makes the stock sensitive to external factors such as interest rates; should interest rates decline, it could lead to a significant uptick in share prices. This suggests that American Tower remains a robust player in its field, but potential investors should be mindful of market fluctuations and demand trends.

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Consensus
Mixed
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Valuation
Fair Value
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He sold it, because there's slower topline growth as the customer curtails spending on the 5G as interest rates are higher and capex costs weigh on cash flows. Also, the PE is extended.

PAST TOP PICK
(A Top Pick Aug 30/22, Down 24%)

Stock pick not working out.
Business remains strong. 
One of largest real estate investment trusts in USA.
Large focus on data centers & 5G networks.
Expecting further growth going away.
Real estate currently out of favor with rising interest rates (large amounts of debt).

BUY

Stock's down a lot, mainly due to interest rates and not execution. Hard to expect multiple expansion on REITs until rates peak and go down. A lot of debt. Very attractive here. Owns a very small allocation in his balanced and income portfolios. Sees more demand for data ahead. Regular dividend growth. Yield about 3.3%.

DON'T BUY

FMV is going up at one rate, but the price is going up at another. There's a tremendous gap, and that gap is always closed by the price coming down. Looks to be rolling over. FMV is 60% below its price. He wouldn't touch it.

HOLD

The cell phone tower is a growth industry, but these companies/stocks have not been doing well, hurt by higher interest rates. AMT is best of the low. Don't sell, but it won't boast the growth it once had.

DON'T BUY

Very large player in cell phone business (~200,000 towers world wide). 
Business has slowed, but demand still strong.
Valuation high - trading at ~40x earnings. 
Wait for shares to fall before buying.
Dividend yield worrying (not sure they can sustain). 

PAST TOP PICK
(A Top Pick Jul 15/22, Down 12%) They have quality assets you can't replicate. Have inflation protection through price increases. Also, more and more data will need their towers. A great long-term hold.
BUY
Rising rates hit them and they were exposed to a rising USD. Now, rates are peaking and the USD is retreating. Had a tough 2022, but 2023 will be good.
DON'T BUY
The tower stocks don't pay enough of a dividend yield. Hold onto your cash.
WEAK BUY
Allan Tong’s Discover Picks AMT stock’s chart has been rangebound this year between $240-280, though the July bear-market rally restored a lot of ground before surrendering to August volatility. That said, AMT stock’s beta is a calm 0.46. The PE has slid from 53.51x at the end of September 2021 to its current 41.33x. Meanwhile, the forward PE has actually risen from 46.73x to 49.26x in that time frame, demonstrating the market’s optimism for AMT’s prospects, even though the share price does not. Read 3 Promising REIT Stocks for our full analysis.
TOP PICK
A specialty real estate play, leasing running cell phone towers, which offers secular growth and 5G unfolds. They are expanding into emerging markets, too. They are building out capacity quickly. They have many long-term service contracts with an inflation clause. They recently got into data centres (high-growth) with a $10 billion acquisition last year. Pays over a 2% yield. It's a growth and income story, and has created a lot of shareholder return. (Analysts’ price target is $294.47)
TOP PICK
Long-life, predictable assets. Some contracts are fixed, but some change with inflation. Nice stream of rising revenues, high margin business. Data usage is increasing, 5G is a benefit. Has raised dividend every quarter for many years. Yield is 2.24%. (Analysts’ price target is $287.89)
TOP PICK
Company owns and operates wireless broadcast towers. Not a cheap stock(high trading multiple). Expecting wireless usage to trend upwards. People also expected to use more data. Believes company has inflation protection in pricing. Company will continue to grow and is a good long term hold.
BUY
Allan Tong’s Discover Picks AMT stocks are a play on the in-progress 5G network, renting space on their towers to American telcos. Even post-Covid, data usage will remain high and shows no signs of slowing. Between now and 2027, data usage worldwide is predicted to climb 24% annually. With AMT stocks, expect 7% growth and quarterly dividend increases that stretches back to 2021. It currently pays out 2.24% and trades at 44.64x. AMT has nadily beat three of its last four quarters, missing one quarter. Read Oligopolies, duopolies, 3 telcos stocks examined for our full analysis.
HOLD
Is sticking with it. Though infrastructure building in digital has slowed in recent quarters, industrials is a sector that will continue to do well.
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