American Tower (AMT) Buy, Sell or Hold

American Tower (AMT)

176.25

+0.20 (0.11%)

as of Jun 18, 2026, 10:42:48 pm Market Open.

149 watching

PAST TOP PICK

(A Top Pick Oct 04/19, Up 0%) He's still actively buying it. Hasn't done much, as everyone is buying growth right now, not value. 5G will be big for it. Good one to own and at this price.

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PAST TOP PICK

(A Top Pick Nov 21/19, Up 13%) Long term aspects of AMT looks good. US data usage doubles every two years. Carriers will continue to invest in domestic markets for 5G. In developing markets, the move to 4G will continue to increase. A REIT type name. The stock shows some sign of fatigue but it still pays a good dividend. Neutral on this stock.

WATCH

Has done phenomenally well. Looks as though it's rolling over. FMV is 54% lower than current price. Price to book is 21x. If growth/momentum continues to swing to value, he'd be nervous. Technical support at $229-230 and you can hold it there with your heart in your hand. If that lets go, it will join others on the downswing.

BUY

Are there Canadian cell tower stocks to play 5G? They don't exist here, because the telecoms here own their own towers. He prefers to play pure cell towers which is more scalable and offers more leverage (i.e. several telecoms can use the same tower). Look to American Tower and Crown Castle in the U.S. American has never been cheap, because it has a strong string of towers in the U.S. as well as India and Europe, boasting double-digit growth over many years. He has owned this for a decade.

PAST TOP PICK

(A Top Pick Oct 04/19, Up 14%) Growth play and yield play. With 5G and smart cars, more equipment has to be mounted on towers. Not sexy, but steady. Sees a growing dividend over time.

PAST TOP PICK

(A Top Pick Sep 11/19, Up 8%) Still likes it. Data usage in the US is doubling every 2 years, and he expects that to continue. Lots of runway in developing markets. Nice combination of a nice dividend and decent growth long term.

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TOP PICK

As the largest operator of wireless towers, charging big American cell companies to put their equipment on their towers, AMT will benefit from the oncoming 5G revolution. Problem is, a lot of investors already know this, and you're not buying American Tower for its 1.56% dividend yield. (Kim Bolton does not expect the dividend to rise this year as in the past.) AMT has already hit its $262.50 price target, dating back to early May shortly, before it jumped from $228. In the past month, AMT has been rangebound between $250 and the current $264. However, in that month AMT has fallen sharply four times and rebounded fairly swiftly to establish a consistent pattern. Traders could jump on another pullback and, as mentioned above, we are expecting volatility this month. Also in AMT's favour is that consumers continue to use more data, whether there are future lockdowns (in areas) or not. The street considers AMT stable and defensive. Perhaps there won't be much upside, but you can sleep at night and tuck this away for a long while.

COMMENT

CCI vs AMT? He owns both. They are both tower businesses operating in the US. CCI also has a small cell business -- mini towers in urban centres. 5G will require these small cell towers and this gives more leverage to 5G. However, AMT has more diversification as they have a larger global footprint. Sometimes CCI overstates reporting results, which although not a concern at this time, it does make AMT a little easier to follow. At current valuations, CCI is better value and better positioned for the 5G roll out.

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COMMENT

He does not own AMT today. In 5G, he prefers CSCO and NOK.

TOP PICK

There is so much more data usage working from home. 5G is coming and will be revolutionary. They will charge more rent on towers for the equipment. He loves it. (Analysts’ price target is $262.50)

PARTIAL BUY

As a 5G play? Entry point? Buy some now, if you don't own it, then follow it and buy another tranche. He buys in systems of three tranches. AMT is a leader in towers for 5G. They are aggressive in Africa. They pay a decent yield below 2% that they likely won't increase this year as in past years.

DON'T BUY

A huge player in cell phone towers. They are in an amazing position. Unfortunately their shares are too expensive for him. There is other stuff on sale.

BUY

It has benefited from a secular change. With 5G you are making a bet on that with this stock as it will give them continued growth. They are stable and global and you always have to weigh global risk.

BUY

Likes it. Largest operator of wireless towers. A lease on data. Consumption of data is increasing. Low beta vs. the S&P. Won't jump as much when the market bounces, but a nice long-term name to own.

BUY

For a 5G play, he would bet on Apple because everyone will need to buy a new phone. American Tower is a 5G play, and they charge rent from telecomms for their towers and equipment. They can't lose in that opportunity. The company is also figuring out new ways to increase the rent base.

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