Seeking Alpha
 

American Tower Corporation (AMT)

- NYSE
  • Mar. 4, 2013, 9:13 AM
    American Tower (AMT) offers $1.8B in Secured Tower Revenue Securities, with proceeds to be used to pay off other debt and for general corporate purposes. Shares -0.6% premarket. (PR
    | Comment!
  • Feb. 26, 2013, 1:49 PM
    A top-line beat and solid guidance are helping American Tower (AMT +2.1%) outperform following its Q4 report, in spite of an EPS miss. The cell tower owner expects 2013 revenue of $3.16B-$3.21B, in-line with a $3.19B consensus. AFFO is expected to total $1.36B-$1.41B - that represents 15.6% growth at the midpoint - and capex is seen amounting to $550M-$650M vs. $568M in 2012. AMT, which finished 2012 owning 54.K cell sites (22.5K in the U.S.), plans to build 2,250-2,750 more in 2013. (PR) (transcript)
    | Comment!
  • Feb. 26, 2013, 7:04 AM
    American Tower (AMT): Q4 EPS of $0.34 misses by $0.08. Revenue of $768.4M (+17.6% Y/Y) beats by $25.9M. (PR)
    | Comment!
  • Feb. 26, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR
    | Comment!
  • Feb. 25, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR
    | Comment!
  • Jan. 3, 2013, 10:22 AM
    SBA Communications (SBAC -1.7%) and American Tower (AMT -2.4%) slip after receiving downgrades to Neutral from Macquarie. The downgrades come a day after SBA announced its 4% senior notes due 2014 and 1.875% senior notes due 2013 had hit their equity conversion prices. Crown Castle (CCI -1.7%) is also lower.
    | Comment!
  • Nov. 15, 2012, 9:29 AM
    American Tower (AMT) is buying 2K German cell sites from KPN for €393M ($502M). The deal, expected to close in Q4, will give AMT a German presence for the first time - the cell tower owner already operates in India, South Africa, and several Latin American countries, in addition to the U.S. (PR)
    | 1 Comment
  • Nov. 7, 2012, 1:36 PM
    U.S. cell tower owners American Tower (AMT +2.4%), SBA (SBAC +1.6%), and Crown Castle (CCI +0.8%) are also getting a lift from AT&T's (T -2.3%) capex plans, which include a push to offer 4G LTE services as a broadband option for rural areas. Wells Fargo expects AMT to benefit from AT&T's plan to adds 10K new cell sites and 40K small cells, while Citi views Ciena (CIEN +8%), Juniper (JNPR +1.8%), Cisco (CSCO -0.9%), and Adtran (ADTN +4.2%) as beneficiaries of Ma Bell's wireline investments.
    | 1 Comment
  • Oct. 31, 2012, 7:17 AM
    American Tower (AMT): Q3 FFO of $0.71 beats by $0.33. Revenue of $713.3M (+13.2% Y/Y) misses by $3M. (PR)
    | 3 Comments
  • Oct. 31, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: AGCO, AMT, BWA, CAM, CKSW, CLX, CMI, CNH, COCO, ETN, GM, GRMN, IPGP, IRM, MA, MGM, MSCI, MT, NUS, NVO, PSX, PWR, RDC, SO, STX, UMC, VG, WEC, WM
    | Comment!
  • Oct. 30, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AGCO, AMT, BWA, CAM, CKSW, CLX, CMI, CNH, COCO, ETN, GM, GRMN, IPGP, IRM, MA, MGM, MSCI, MT, NUS, NVO, PSX, PWR, RDC, SO, STX, UMC, VG, WEC, WM
    | Comment!
  • Oct. 3, 2012, 5:49 PM
    U.S. cell tower owners rallied today, possibly in response to the MetroPCS/T-Mobile deal. SBAC +2%. AMT +1.4%. CCI +2.8%. While the reverse merger will result in some duplicate cell sites being eliminated - American Tower just announced MetroPCS and T-Mobile share space on ~1,000 of its sites - it also puts T-Mobile's 4G LTE ambitions on better footing, both by increasing its spectrum assets and allowing the carrier to tap U.S. capital markets.
    | Comment!
  • Sep. 17, 2012, 12:43 PM
    SBA Communications (SBAC +0.8%) discloses it has extended leases for 2,800 cell towers used by T-Mobile USA (DTEGY.PK) by an average of 7 years. Wells Fargo sees the deal as evidence struggling T-Mobile is being aggressive with its network upgrades, a positive for tower owners in general. The firm notes Crown Castle (CCI) extended leases with T-Mobile for 7,300 towers in July, and that a similar deal with American Tower (AMT) is likely.
    | Comment!
  • Aug. 16, 2012, 2:19 PM
    SBA Communications (SBAC -2.2%) slips following a downgrade to Neutral from Citi. Peers Crown Castle (CCI -1.3%) and American Tower (AMT -0.7%) are also underperforming. AMT has seen a couple of downgrades recently on valuation concerns. All three cell tower owners have performed well in 2012.
    | Comment!
  • Aug. 7, 2012, 11:24 AM
    American Tower (AMT -2.3%) slides after getting downgraded to Neutral by Credit Suisse: the firm is worried about the cell tower owner's high valuation. Rivals are also underperforming: SBAC -1.3%. CCI -1.5%. Citi downgraded AMT for the same reason on July 18.
    | Comment!
  • Aug. 2, 2012, 2:38 PM
    UBS reiterates a Buy on American Tower (AMT +0.3%) following its Q2 report: the firm likes AMT's AFFO guidance hike and low churn, and its accelerating revenue growth from core towers. Canaccord also likes what it sees, though it's "marginally disappointed" the report wasn't accompanied by a new service deal with T-Mobile USA, or the acquisition of 7,000+ T-Mobile towers believed to be on the market.
    | Comment!
Visit Seeking Alpha's
AMT vs. ETF Alternatives
Company Description
American Tower Corp is an owner, operator and developer of wireless and broadcast communications real estate. The Company's main business is leasing antenna space on multi-tenant communications sites to different providers.