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Last $96.12 USD
Change Today +0.76 / 0.80%
Volume 2.3M
AMT On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

american tower corp (AMT) Snapshot

Open
$95.15
Previous Close
$95.36
Day High
$96.60
Day Low
$94.76
52 Week High
11/28/14 - $106.31
52 Week Low
10/15/14 - $90.20
Market Cap
40.7B
Average Volume 10 Days
2.4M
EPS TTM
$1.86
Shares Outstanding
423.3M
EX-Date
06/15/15
P/E TM
51.7x
Dividend
$1.76
Dividend Yield
1.66%
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 Infratel Stake Sale Reportedly Draws U.S. Investors' Interest

Reliance Communications Ltd. (NSEI:RCOM) has revived a plan to sell a 51% stake in Reliance Infratel Limited attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications is looking at a valuation of about $4 billion for Reliance Infratel, the sources said. The private equity firms showing interest included The Blackstone Group L.P. (NYSE:BX), The Carlyle Group LP (NasdaqGS:CG) and Providence Equity Partners LLC, while from the industry side Bharti Infratel Limited (NSEI:INFRATEL) and American Tower Corporation (NYSE:AMT) were other potential suitors, according to the sources. A Reliance Communications spokesman declined to comment. "We keep evaluating options on an ongoing basis and are open to opportunities provided there is a strategic fit," a Bharti spokesman said in a statement to Reuters. Blackstone and Carlyle declined comment. American Tower did not immediately respond to requests for comment. Providence Equity could not be immediately reached for comment.

Top Private Equity Firms Interested in Reliance Infratel

Farallon Capital Management, L.L.C., Tilman Financial and The BlackStone Group L.P.(NYSE:BX), American Tower Corporation (NYSE:AMT) and The Carlyle Group LP (NasdaqGS:CG) are among the top initial bidders seeking to acquire a 50% stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM), people familiar with the matter said. UBS, Standard Chartered PLC (LSE:STAN) and SBI Capital Markets Limited are running the stake sale process, in which due diligence is expected to be carried out in July-August 2015. RCom is seeking a valuation of INR 250-300 billion for its tower arm. This includes debt of about INR 80 billion, to be transferred to the tower company once the stake sale is completed.

American Tower Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of Fiscal 2015

American Tower Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $1,174,375,000 compared to $1,031,457,000 a year ago. Operating income was $389,774,000 compared to $402,499,000 a year ago. Income from continuing operations before income taxes was $171,136,000 compared to $243,461,000 a year ago. Net income attributable to the shareholders of the company was $156,056,000 compared to $234,431,000 a year ago. Diluted net income per share was $0.30 compared to $0.58 a year ago. Adjusted EBITDA was $762,286,000 against $682,180,000 a year ago. Net debt as on June 30, 2015 was $15,949,323,000. For the six months, the company reported total operating revenues of $2,253,565,000 compared to $2,015,546,000 a year ago. Operating income was $809,740,000 compared to $756,136,000 a year ago. Income from continuing operations before income taxes was $390,500,000 compared to $454,423,000 a year ago. Net income attributable to the shareholders of the company was $349,373,000 compared to $436,930,000 a year ago. Diluted net income per share was $0.75 compared to $1.08 a year ago. Cash provided by operating activities was $1,036,460,000 compared to $1,072,382,000 a year ago. Payments for purchase of property and equipment and construction activities was $311,122,000 compared to $466,247,000 a year ago. Adjusted EBITDA was $3,020,000 compared to $3,060,000 a year ago. Adjusted funds from operations (AFFO) were $2,095,000 against $2,135,000 a year ago. The company revised earnings guidance for the full year of fiscal 2015. The company expects rental and management revenue is now seen between $4.65 billion and $4.7 billion while AFFO is seen at $2.1 billion to $2.14 billion, Adjusted EBITDA of $3,020 million to $3,060 million and net income of $705 million to $735 million.

 

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Industry Analysis

AMT

Industry Average

Valuation AMT Industry Range
Price/Earnings 57.3x
Price/Sales 9.3x
Price/Book 5.5x
Price/Cash Flow 21.9x
TEV/Sales 5.5x
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