Is It Time To Be Bullish On American Tower Corporation (REIT) (AMT)?

Wall Street analysts will be watching closely when American Tower Corporation (REIT) (NYSE:AMT) reports its quarterly earnings next, which is scheduled for Tue 26 Feb (In 44 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.92 per share. In the preceding quarter, the company reportedly generated EPS of $0.83 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 26.30%, a profit margin of 16.70% and a gross margin of 69.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of American Tower Corporation (REIT) (NYSE:AMT). Most recently, on December 12th, 2018, Morgan Stanley Downgrade a Equal-Weight rating. Before that, on December 3rd, 2018, MoffettNathanson Downgrade to Neutral. Deutsche Bank Downgrade a Hold rating on November 2nd, 2018, Deutsche Bank Downgrade an Hold rating on November 2nd, 2018, and Citigroup Downgrade a Neutral rating on October 31st, 2018.

At its current price point, combined with the fact that this company has 441.74M shares outstanding, the current market capitalization sits at 71.30B. In the last trading day, 1,811,439 shares of American Tower Corporation (REIT) were traded, which compares to its usual volume of about 2.34M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $3.09 in the past five trading days, resulting in a percentage change of +1.95% and a moving average of 160.66. In the past 20 days, its price changed by -$3.25 (which is -1.97%) and the stock’s moving average was 160.08. Looking back a full 50 days, shares of AMT changed by $8.58 (which is +5.61%) and demonstrated a moving average of 160.84.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 87.39%, a 14-day Stochastic %K score of 73.88% and a 20-day Stochastic %K score of 60.77%. Using a similar metric, American Tower Corporation (REIT) (AMT) shares showed a Stochastic %D of 86.45% over the past 9 days, a Stochastic %D score of 70.17% over the last 14 days, and a 20-day Stochastic %D of 58.38%. Meanwhile, this stock’s MACD Oscillator was 1.62 over the past 9 days, 2.35 over the past two weeks, and 0.90 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $161.40 level. Over the past 12 months, this stock has experienced a high price of $168.58 and a low of $130.37. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from American Tower Corporation (REIT) (NYSE:AMT) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 55,858,627 shares of the company’s stock following the addition of 3,601,680 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 12.68% stake in American Tower Corporation (REIT) (AMT)’s shares.

Just in the most recent trading day, American Tower Corporation (REIT) (NYSE:AMT) experienced a high price of $162.26 and low point of $159.9. At the end of the last trading session, this stock was at 161.4 per share, following a loss of -$0.81, or -0.28% during the full day.