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Last $93.45 USD
Change Today -0.42 / -0.45%
Volume 2.3M
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

american tower corp (AMT) Snapshot

Open
$93.88
Previous Close
$93.87
Day High
$94.47
Day Low
$92.97
52 Week High
11/28/14 - $106.31
52 Week Low
08/25/15 - $89.39
Market Cap
39.6B
Average Volume 10 Days
3.2M
EPS TTM
$1.86
Shares Outstanding
423.3M
EX-Date
06/15/15
P/E TM
50.2x
Dividend
$1.76
Dividend Yield
1.71%
Current Stock Chart for AMERICAN TOWER CORP (AMT)

american tower corp (AMT) Related Businessweek News

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american tower corp (AMT) Details

American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.

2,974 Employees
Last Reported Date: 02/24/15
Founded in 1995

american tower corp (AMT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $750.0K
Executive Vice President of International Ope...
Total Annual Compensation: $650.0K
Executive Vice President and President of U.S...
Total Annual Compensation: $650.0K
Executive Vice President, Chief Administrativ...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

american tower corp (AMT) Key Developments

Reliance Communications Mulls Sale Of Stakes in Reliance Infratel

Reliance Communications Ltd. (NSEI:RCOM) is seeking to sell stakes in Reliance Infratel Limited. Reliance Communications Ltd. has shortlisted American Tower Corporation (NYSE:AMT) apart from private equity firms The Carlyle Group LP (NASDAQ: CG), The Blackstone Group L.P. (NYSE:BX), Farallon Capital Management, L.L.C. and Tilman Financial for buying up to 100% of its stake in unit Reliance Infratel Limited. "The formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and has got a very positive response, the company has shortlisted a smaller number of very credible interested parties to progress to the next round of the process," Reliance Communications told the stock exchanges in a statement after an earnings call on August 17, 2015. While RCom didn't name any of the shortlisted bidders, it said that it had received indicative non-binding bids from a number of interested buyers. In fact, some of the shortlisted bidders want to buy out RCom's stake in Reliance Infratel completely. "The due diligence process has now commenced. Further announcements will be made, as and when appropriate," Reliance Communications said, adding that the sale proceeds from the proposed deal would substantially reduce RCOM's overall gross debt during the current financial year through March 31, 2016. Standard Chartered and SBI Capital are running the sale process. ATC, Blackstone and Farallon Capital didn't respond to requests for comment while Tillman executives couldn't be reached. Carlyle said it didn't have any comment.

Investors Reportedly Eyes Stake In Reliance Infratel

As many as three companies are in race to acquire a controlling stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM). A tower company and two private equity firms are in the fray, while two of them have expressed interest to acquire the entire stake in Reliance Infratel, sources close to the development told BusinessLine. While the names of the companies could not be immediately ascertained, American Tower Corporation (NYSE:AMT) according to sources, is the one company in the fray. American Tower, on its part, declined to comment on what it termed as “market speculation”. When contacted an RCom spokesperson declined to comment. A number of bidders had also expressed interest to acquire the entire stake held by RCom in Reliance Infratel. The company has also shortlisted a number of “credible” firms for the next round and has begun due diligence process. It, however, did not disclose the name of the bidders.

American Tower Corporation Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 11:05 AM

American Tower Corporation Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 11:05 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Leah C. Stearns, Senior Vice President of Investor Relations and Treasurer.

 

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Industry Analysis

AMT

Industry Average

Valuation AMT Industry Range
Price/Earnings 56.2x
Price/Sales 9.1x
Price/Book 5.4x
Price/Cash Flow 21.5x
TEV/Sales 5.3x
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