American TowerAMT
About: American Tower owns and operates more than 220,000 cell towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for almost half of the company's total revenue in 2023. Outside the US, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
Employees: 4,691
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
2.3% more ownership
Funds ownership: 90.22% [Q3] → 92.52% (+2.3%) [Q4]
3% less call options, than puts
Call options by funds: $365M | Put options by funds: $376M
4% less funds holding
Funds holding: 1,818 [Q3] → 1,753 (-65) [Q4]
12% less first-time investments, than exits
New positions opened: 192 | Existing positions closed: 219
19% less capital invested
Capital invested by funds: $97.6B [Q3] → $79.4B (-$18.3B) [Q4]
24% less repeat investments, than reductions
Existing positions increased: 591 | Existing positions reduced: 776
26% less funds holding in top 10
Funds holding in top 10: 38 [Q3] → 28 (-10) [Q4]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Simon Flannery 50% 1-year accuracy 2 / 4 met price target | 15%upside $250 | Overweight Upgraded | 1 Apr 2025 |
Barclays Tim Long 57% 1-year accuracy 32 / 56 met price target | 2%upside $223 | Overweight Maintained | 21 Mar 2025 |
Wells Fargo Eric Luebchow 33% 1-year accuracy 14 / 43 met price target | 6%upside $230 | Overweight Upgraded | 17 Mar 2025 |
Citigroup Michael Rollins 58% 1-year accuracy 15 / 26 met price target | 8%upside $235 | Buy Maintained | 10 Mar 2025 |
Citizens Capital Markets Constantine Davides 23% 1-year accuracy 7 / 31 met price target | 14%upside $248 | Market Outperform Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 18 articles about AMT published over the past 30 days
