American Tower Corp
AMT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $187.00 | Hdhwby | Lnbrrpkc |
International Diversification Sets American Tower Apart From Peers in the U.S. Tower Market
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Business Strategy and Outlook
We think American Tower's strategy to diversify its tower portfolio globally leaves it best positioned among the three U.S. tower companies, as it is primed to benefit from the continually increasing demand in mobile data worldwide. However, we don't think veering into the data center business, which it did with its acquisition of CoreSite, will pay off, and it distracts from the tower focus we liked for American Tower.