American Tower | StockChase
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American Tower (AMT-N)

Last Price Recorded: $145.8700 on 2017-11-17

ON STOCKCHASE SINCE Dec 2001

Telecommunications

American Tower


Signal Opinion Expert

2017-09-19

COMMENT
American Tower (AMT-N)

A bit of a complicated valuation exercise when you look at it, because it looks expensive on a price/earnings ratio, but really is not. It’s treated more like a real estate investment trust. The street looks at it on an adjusted funds from operations standpoint. When you look at it that way, it compares reasonably well against its major competitors. Growing very well internationally, but stumbling a little domestically. If you take a position, do it as part of a balanced portfolio. He wouldn’t put a lot of risk capital into it.

Telecommunications
Gordon Reid

President, GoodReid Investment Counsel

Price: $140.980
Owned: No

2017-06-28

COMMENT
American Tower (AMT-N)

Although a REIT, it can generally be grouped into technology, which tends to do well from September until the end of the year. Average gain on a seasonal perspective is about 10%. Yesterday, this gapped higher. When you have these " gap moves higher", it acts as a point of support for any retracement. It pulled back today and is testing that level of support. That is a level you want to be shooting off of. If it trades below that, trim your positions and look to the less cyclical parts of the market. Right now, there is support at the 20-day moving average and the moving averages are still moving higher. There could be a slight retracement, but everything looks positive on a long-term basis.

Telecommunications
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $134.530
Owned: Unknown

2017-06-20

COMMENT
American Tower (AMT-N)

American Tower (AMT-N), Crown Castle International (CCI-N) or SBA Communications (SBAC-Q)? US REITs that own cell towers. You want to own these because they have multiple tenants. The average tower has 3 or 4 tenants. They can put more and more gear on them, so there is lots of room to grow revenues. The US is going through a boom on bandwidth, certainly wireless spectrum. Of the 3, he prefers this, the most international of the group. About 60% of revenue comes from the US and the rest is international. Generates a lot of free cash flow, and is highly predictable because of 5 year contracts. As we move to 5G, there is going to be a whole bunch more gear getting loaded on these towers, allowing them to charge more rent. It doesn’t pay a big dividend, but it has grown 34% a year over the last 5 years.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $131.200
Owned: Yes

2017-05-04

BUY on WEAKNESS
American Tower (AMT-N)

He loves it, but it is too expensive for him.  They took out the number 2 tower company in India.  If we got a pullback it would be one of those companies at the top of his list to add to.  When the street loves a stock you should sell it.  Then we can get in.

Telecommunications
James Thorne

Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management

Price: $127.390
Owned: No

2017-04-19

COMMENT
American Tower (AMT-N)

A REIT which owns cell phone towers all over the world. Cell phone towers are pretty interesting REITs as they have almost unlimited capacity. They have all the major wireless providers as customers, putting their gear up on their towers. Every time there is a new generation of gear, they don’t take the old stuff off, but put the new one on, so rents keep going up. They’ve done a great job of growing geographically. Has a broad customer base and isn’t levered to any one mobility provider. Over the next couple of years, we are going to start seeing 5G LTE coming, the next generation of wireless gear. They’ll continue to grow their dividend.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $124.670
Owned: Yes

2017-02-27

SELL
American Tower (AMT-N)

They have exposure into India.  It is an expensive stock with a low dividend (~2%).  He sold it earlier this year.  He would not short it.

Telecommunications
James Thorne

Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management

Price: $113.340
Owned: No

2017-01-31

HOLD
American Tower (AMT-N)

He really likes this because it is globally focused. It is the largest tower company in the US. These are literally wireless towers, and have long-term agreements with telecommunication companies in the US and globally. Any time there is a migration to a new higher speed technology, effectively the telco has to pay to upgrade all the equipment on the tower. A very visible and predictable business. If you think of data traffic tripling or quadrupling over the next 4-5 years, this is a company that is really going to benefit. This has great long-term growth potential.

Telecommunications
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $103.500
Owned: Yes

2016-10-18

SPECULATIVE BUY
American Tower (AMT-N)

It is quite expensive at 50 times earnings.  It is a cell tower story that is growing in the US modestly and a lot more internationally.  They view a tower as needing as many different tenants as possible.  They want to increase acquired towers from 1.5 tenants to over two, where they normally have them.

Telecommunications
Gordon Reid

President, GoodReid Investment Counsel

Price: $114.150
Owned: Unknown

2016-07-19

COMMENT
American Tower (AMT-N)

(Market Call Minute.) In the REIT camp, and a high growth company. Looks quite attractive.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $117.370
Owned: Yes

2016-05-18

BUY
American Tower (AMT-N)

They sell telephone towers, mostly in the US, but globally as well. The company is growing quite nicely. Cash flow growth is at 15%+ in the next few years, and that will drive very solid dividend growth. Very low risk because it is long-term contracts. There is nice structural growth in the industry because some countries are moving from 2G to 3G, etc. That drives more demand for space on their towers.

Telecommunications
Steve Belisle

Senior Portfolio Manager & Managing Director, Manulife Asset Management

Price: $104.550
Owned: Unknown

2016-03-30

BUY
American Tower (AMT-N)

(Market Call Minute.) They lease their towers back to telecommunication companies under long-term contracts. Have some global exposure. A great way to get a pretty low, but stable dividend.

Telecommunications
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $102.310
Owned: Yes

2016-01-19

PAST TOP PICK
American Tower (AMT-N)

(A Top Pick Jan 26/15. Down 8.92%.) A real estate investment trust that owns cell towers globally. They lease space to mobile phone operators to put their gear on towers. Have had very, very good cash flow growth. REITs has been a bit of a tougher space over the last year. Not sure he would Buy, but would keep it on the list to buy when the market starts to turn around.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $90.910
Owned: No

2015-09-29

PAST TOP PICK
American Tower (AMT-N)

(Top Pick Oct 9/14, Down 6%) They are a REIT but own cellular towers.  He moved to tech and consumer.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $87.010
Owned: No

2015-08-27

TOP PICK
American Tower (AMT-N)

We all love to hate the towers that are out there, but this company owns about 70,000 of them, mostly in the US. They just picked up another 4,000 international towers. Earnings were up about 13% last quarter. They secured another $649 million in acquisitions. There is a consolidation going on in the industry and this company leads the way. The dividend is only 1.89%, so he is looking at it for capital gain. The dividend did increase 29% last quarter and the company has targeted a 20% dividend growth going forward.

Telecommunications
Michael Bowman

Portfolio Manager, Wickham Investment Management

Price: $93.870
Owned: Yes

2015-06-04

HOLD
American Tower (AMT-N)

A great house in a difficult neighbourhood. They are not terribly economically sensitive.  It is growing its dividend nicely, but is in the REIT sector and gets impacted by the negative view of REITs.  Look at big cap technology stocks such as MSFC-O.  Healthcare is another sector to go to, as well as financials.

Telecommunications
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $94.670
Owned: Unknown

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