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American Tower Corporation (AMT)

- NYSE
  • 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.
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  • 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.
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  • Aug. 1, 2012, 8:20 AM
    American Tower (AMT -1%) Q2: net profit topples 58% to $48.2M, hurt by $118.6M of losses in connection to unrealized foreign currency impacts and other items. AMT raises its guidance for adjusted funds from operations to $1.19B-$1.21B from a prior forecast of $1.17B-$1.2B, and affirms its rental and management revenue outlook.
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  • Aug. 1, 2012, 7:05 AM
    American Tower (AMT): Q2 EPS of $0.12 may not be comparable to consensus of $0.40. Revenue of $698M  in-line. (PR)
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  • Aug. 1, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ADP, AGN, AMT, AVP, CMCSA, D, DVN, EPD, EXC, HUN, MA, MFA, MRO, OC, RRD, SHPG, TLM, TWX
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  • Jul. 31, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: ADP, AGN, AMT, AVP, CMCSA, D, DVN, EPD, EXC, HUN, MA, MFA, MRO, OC, RRD, SHPG, TLM, TWX
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  • Jul. 18, 2012, 2:37 PM
    American Tower (AMT -4.5%) is diving on a downgrade to Neutral from Citi. The firm cites a high valuation following a strong run-up over the last 12 months, and a lack of "meaningful upside" to Street estimates. Other wireless tower owners are lower in sympathy. SBAC -2%. CCI -2.7%.
    | 1 Comment
  • Jun. 21, 2012, 6:02 AM
    American Tower (AMT), Crown Castle (CCI) and P-E firms have made second-round bids for T-Mobile USA's (DTEGF.PK) cellular towers, Bloomberg reports. "I expect they will announce a winner in July and probably close the deal by September," says Macquarie analyst Kevin Smithen, who estimates that the assets could fetch $2B.
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  • May. 3, 2012, 9:00 AM
    Premarket gainers: KNSY +32%. CXW +10%. APKT +7%. ONNN +6%. CLUU +5%. WFM +4%. ARNA +4%. RIG +4%. VIA +3%. TDC +3%. AMT +3%. JRCC +3%. COCO +3%. BUD +3%.
    Losers: GMCR -41%. WTW -15%. ATML -8%. NMM -6%. JDSU -4%. TRS -5%. ARO -4%. HT -4%. M -3%. MGM -3%.
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  • May. 3, 2012, 7:41 AM
    American Tower (AMT): Q1 EPS of $0.56 beats by $0.15. Revenue of $697M (+23.8% Y/Y) beats by $25M. (PR)
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  • May. 3, 2012, 12:05 AM
    Notable earnings before Thursday’s open: AEE, AMT, ANR, ANSS, APA, ARG, BBG, BCE, BEAM, CAH, CHSI, CI, CNP, CVC, CXW, DNR, EP, EPB, ESV, GM, GOLD, HCA, LEA, LPS, LVLT, LXP, MDC, MFA, MFC, MGM, NRG, OGE, PGN, PWR, PXP, SBH, SEE, SLE, SNI, SRE, SXCI, TDC, TIE, UPL, VIAB, VRX, WNR
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  • May. 2, 2012, 5:30 PM
    Notable earnings before Thursday’s open: AEE, AMT, ANR, ANSS, APA, ARG, BBG, BCE, BEAM, CAH, CHSI, CI, CNP, CVC, CXW, DNR, EP, EPB, ESV, GM, GOLD, HCA, LEA, LPS, LVLT, LXP, MDC, MFA, MFC, MGM, NRG, OGE, PGN, PWR, PXP, SBH, SEE, SLE, SNI, SRE, SXCI, TDC, TIE, UPL, VIAB, VRX, WNR
    | 1 Comment
  • Apr. 10, 2012, 10:50 AM
    Canaccord says a potential T-Mobile tower asset sale could be as large as $2.5B - $3B, and that M&A synergies and additional leases could drive up future estimates. This could create another attractive buying opportunity for tower stocks: SBA Communications (SBAC +0.2%), Crown Castle (CCI +0.1%) and American Tower (AMT +0.3%).
    | 1 Comment
  • Mar. 29, 2012, 9:42 AM
    T-Mobile (DTEGY.PK) says that it hired TAP Advisors in order to help it sell wireless towers in a deal that could fetch as much as $3B. Potential buyers include tower operators AMT, CCI, and SBAC.
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  • Mar. 15, 2012, 5:15 PM
    This is not a misprint: Apple (AAPL) is not the most beloved stock among analysts, at least in terms of percentage of buy ratings. Most beloved is Agilent (A), rated buy by 94% of analysts covering it. Five others boast more than 90% buy ratings: AMT, HAL, ESRX, BLL, NOV. Apple is tied for 7th place at 89% buy, but it's covered by a whopping 55 analysts.
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  • Feb. 23, 2012, 7:05 AM
    American Tower (AMT): Q4 EPS of $0.51 beats by $0.21. Revenue of $653.1M (+20% Y/Y) in-line. (PR)
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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.