American Tower Corporation (NYSE:AMT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts remain broadly positive: Twenty brokerages give American Tower a consensus “Moderate Buy” rating, including 16 buys and one strong buy. The average 12-month price target is approximately $215.29, above the reported share price of $172.76.
• Quarterly results exceeded expectations: American Tower reported $2.71 in earnings per share versus the $1.57 consensus estimate, while revenue rose 4.6% year over year to $2.75 billion. Management issued fiscal 2026 EPS guidance of $11.00–$11.17.
• Financing supports liquidity but highlights leverage risks: The company priced $1.6 billion of senior unsecured notes for general corporate purposes and potential refinancing. Shares have faced pressure amid interest-rate sensitivity, while American Tower carries a debt-to-equity ratio of 3.12.

American Tower Corporation (NYSE:AMT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $215.2857.

AMT has been the topic of a number of research reports. The Goldman Sachs Group set a $210.00 price target on American Tower in a research report on Tuesday, July 28th. Weiss Ratings upgraded American Tower from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. Jefferies Financial Group decreased their price objective on American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of American Tower in a research note on Wednesday, July 29th.

American Tower Stock Down 1.5%

Shares of NYSE AMT opened at $172.76 on Friday. American Tower has a 12 month low of $160.06 and a 12 month high of $199.13. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $80.50 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.82 and a beta of 0.89. The business has a 50-day moving average of $171.66 and a 200-day moving average of $177.16.

American Tower (NYSE:AMT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm posted $2.60 earnings per share. American Tower's quarterly revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. Sell-side analysts expect that American Tower will post 10.8 earnings per share for the current fiscal year.

More American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: American Tower successfully priced a $1.6 billion senior unsecured notes offering, consisting of $500 million due 2031, $500 million due 2033 and $600 million due 2036. The financing provides long-term capital and liquidity for general corporate purposes, including potential debt refinancing. American Tower Corporation Prices Senior Notes Offering
• Neutral Sentiment: Management participated in Citi’s 2026 Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference. The available reports are transcripts, and no specific new guidance or material business update was identified in the supplied information. Citi Conference Transcript Goldman Sachs Conference Transcript
• Negative Sentiment: AMT declined more than the broader market, suggesting pressure from general market conditions and the stock’s interest-rate sensitivity rather than a clearly reported deterioration in tower operations. The company’s sizable debt load makes borrowing costs and bond-market conditions important considerations for investors. American Tower Dips More Than Broader Market
• Negative Sentiment: The new notes carry fixed annual interest rates of 5.300% for the 2031 securities and 5.560% for the 2033 securities, with the 2036 tranche also adding to future interest obligations. While the offering supports liquidity, the incremental financing reinforces concerns about AMT’s leverage and interest expense. American Tower Prices Senior Notes Offering

Insiders Place Their Bets

In related news, EVP Ruth T. Dowling sold 1,106 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the transaction, the executive vice president owned 27,711 shares of the company's stock, valued at approximately $4,848,316.56. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of American Tower stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total transaction of $894,450.00. Following the completion of the transaction, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 6,791 shares of company stock valued at $1,204,091. 0.08% of the stock is currently owned by corporate insiders.

Institutional Trading of American Tower

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its holdings in shares of American Tower by 35.4% in the second quarter. Sequoia Financial Advisors LLC now owns 12,326 shares of the real estate investment trust's stock worth $2,016,000 after buying an additional 3,221 shares during the period. National Pension Service increased its stake in American Tower by 1.2% in the 2nd quarter. National Pension Service now owns 1,551,870 shares of the real estate investment trust's stock worth $253,839,000 after purchasing an additional 18,167 shares during the period. WINTON GROUP Ltd lifted its position in American Tower by 1,087.4% in the second quarter. WINTON GROUP Ltd now owns 34,434 shares of the real estate investment trust's stock valued at $5,632,000 after purchasing an additional 31,534 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of American Tower during the second quarter valued at approximately $11,888,000. Finally, Cidel Asset Management Inc. grew its holdings in shares of American Tower by 12.4% in the second quarter. Cidel Asset Management Inc. now owns 2,276 shares of the real estate investment trust's stock worth $372,000 after purchasing an additional 251 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

About American Tower

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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