American Tower Corp. (NYSE:AMT) price is hovering lower on Wednesday, April 17, dropping -0.37% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $172.21. The company’s P/E ratio in the trailing 12-month period read 54.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $219.10 and 52-week low of $154.58. The stock subtracted -12.42% on its value in the past month.
American Tower Corp., which has a market valuation of $80.02 billion. The company stock has a Forward Dividend ratio of 6.51, while the dividend yield is 3.79%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMT a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 11.57. The overview shows that AMT’s price is at present -9.50% off the SMA20 and -11.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 24.28, with weekly volatility standing at 2.70%. The indicator jumps to 1.89% when calculated based on the past 30 days. American Tower Corp. (NYSE:AMT)’s beta value is holding at 0.70, while the average true range (ATR) indicator is currently reading 4.26.
An analysis of the American Tower Corp. (NYSE:AMT) stock in terms of its daily trading volume indicates that the 3-month average is 2.50 million.
Current records show that the company has 466.30M in outstanding shares. The insiders’ percentage holdings are 0.64% of outstanding shares while the percentage share held by institutions stands at 94.89%. But the -20.52% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
