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American Tower Corp(AMT)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 18 days
PROFIT SINCE LAST BUY
+2.75% ▲
LAST CLOSE
$190.37
11/10/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • BUY Advisory
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for AMT

11/10/2026: AMT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

American Tower Corporation is a leading Real Estate Investment Trust (REIT) that owns and operates a global portfolio of communications towers and data centers. The company benefits from high-quality, long-term lease agreements with major wireless carriers, providing steady cash flow and a consistent dividend yield. Its primary growth strategy centers on global 5G deployment and the integration of edge computing via its data center assets. However, investors must weigh these strengths against risks including significant debt levels, interest rate sensitivity, and potential carrier consolidation. The stock may be best suited for income-oriented investors, with progress on deleveraging and international growth being key developments to monitor.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitWhile the business grows with data usage, the REIT structure limits explosive capital appreciation compared to tech stocks.
Momentum investorWeak fitThe stock is currently driven more by interest rate sensitivity and yield trends than by high-momentum price action.
Value investorMixed fitValuation depends heavily on interest rates, making it an interest-rate-sensitive play rather than a deep-value opportunity.
Dividend investorStrong fitThe company's history of consistent dividend growth makes it a staple for income-seeking portfolios.
Low-risk investorStrong fitLong-term, high-quality contracts with major carriers provide significant cash flow stability.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock is highly sensitive to fluctuations in market interest rates.
Valuation riskMediumAs a REIT, valuation is heavily dependent on FFO multiples which fluctuate with cost of capital.
Competition risk (Carrier consolidation)Medium / highMergers between major carriers reduce the number of potential tenants on tower sites.
Business qualityStrongThe company provides essential infrastructure for the global economy.
Dividend incomeMediumWhile consistent, yields are dependent on maintaining high payout ratios and debt management.
Execution riskMediumInternational operations require navigating diverse regulatory and geopolitical landscapes.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -0.22%
Avg. Invested days 36
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AMT receives a 4-star rating, supported by strong unit economics, solid company fundamentals, solid quantitative characteristics, and strong analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
AMT has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+12.2%) and strong cash generation (FCF margin 35.5%) are partially offset by moderate revenue growth (+5.1%), very low insider ownership of 0.08%.

Financial Health Rating

★★★★★
AMT's financial health is supported by strong cash strength, including free-cash-flow generation of $3.8B (35.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is AMT's strongest growth driver at +12.2% FY2025 versus FY2024 (solid, 4 stars). Revenue growth (+5.1%, moderate) and free-cash-flow growth (+2.2%, moderate) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 96.9% and approximately 99.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.08%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 9.88%
Vanguard Capital Management, LLC 6.56%
Vanguard Portfolio Management, LLC 6.01%
State Street Corp 4.76%
Geode Capital Management, LLC 2.98%

Unit Economics (Per $1K Revenue)

★★★★★
AMT generates approximately $737 of gross profit, $458 of operating income, and $355 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and strong cash conversion support the rating, although capital efficiency remains soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 13.66%

Quantitative Style Profile

★★★★★
AMT has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 87.65B USD
Price to earnings Ratio 26.62
1Y Target Price 215.83
Price to earnings Ratio 26.62
1Y Target Price 215.83
Volume (30-day avg) 3.4M shares
Beta 0.84
52 Weeks Range 158.35 - 202.50
Updated Date 11/09/2026
52 Weeks Range 158.35 - 202.50
Updated Date 11/09/2026
Dividends yield (FY) 3.74%
Basic EPS (TTM) 7.1

How Company Makes Money

Business areaWhat it includesRetail investor read
Property RevenueRental income from wireless carriers for space on towers and rooftops.This is the core, stable rental income that powers the company's business.
Data Center RevenueColocation and interconnection fees from CoreSite facilities.This is the growth engine tapping into cloud and edge computing demand.
GeographyOperations across U.S., Europe, Latin America, Africa, and APAC.Geographic diversity protects against localized economic downturns.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-27
When Before Market
Estimate 2.78
Actual 2.87

Profitability

Profit Margin 30.1%
Operating Margin (TTM) 45.56%

Management Effectiveness

Return on Assets (TTM) 4.94%
Return on Equity (TTM) 32.96%

Valuation

Trailing PE 26.62
Forward PE 27.1
Enterprise Value 130.98B
Price to Sales(TTM) 7.96
Enterprise Value 130.98B
Price to Sales(TTM) 7.96
Enterprise Value to Revenue 11.9
Enterprise Value to EBITDA 17.77
Shares Outstanding 463.76M
Shares Floating 462.26M
Shares Outstanding 463.76M
Shares Floating 462.26M
Percent Insiders 0.08
Percent Institutions 96.86

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.