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American Tower Corporation (AMT)

- NYSE
  • 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
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  • 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
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  • 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.
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  • 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.
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  • 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.
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  • 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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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.