American Tower Corp A0T

Morningstar Rating

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

A0T is trading within a range we consider fairly valued.
Price
€165.80
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

News

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
463.76M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
26.35
Price/Sales
8.44
Dividend Yield (Trailing)
3.58%
Dividend Yield (Forward)
3.73%
Dividend Payment Schedule
Feb, Apr, Jul, Oct
Total Yield
3.98%

Company Profile

American Tower owns and operates about 147,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets through its CoreSite segment. The company's customer base in the tower business is very concentrated, with most revenue in each market generated by the top three or four mobile carriers. The company operates 42,000 towers in the US, which accounted for about half of total revenue in 2025. Outside the US, American Tower operates about 45,000 towers in Latin America (dominated by Brazil), 33,000 towers in Europe, and 27,000 towers in Africa. American Tower operates as a REIT.
Sector
Real Estate
Industry
REIT - Specialty
Stock Style Box
Mid Core
Total Number of Employees
4,866

Competitors

Valuation

Metric
A0T
SBAC
CCI
Price/Earnings (Normalized)
26.3520.1534.24
Price/Book Value
25.63——
Price/Sales
8.447.289.81
Price/Cash Flow
16.2719.1721.38
Price/Earnings
A0T
SBAC
CCI

Financial Strength

Metric
A0T
SBAC
CCI
Quick Ratio
0.310.140.14
Current Ratio
0.350.170.23
Interest Coverage
3.643.322.26
Quick Ratio
A0T
SBAC
CCI

Profitability

Metric
A0T
SBAC
CCI
Return on Assets (Normalized)
5.68%—4.28%
Return on Equity (Normalized)
97.86%——
Return on Invested Capital (Normalized)
8.45%—7.98%
Return on Assets
A0T
SBAC
CCI

REIT - Specialty Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Equinix Inc
EQIX
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American Tower Corp
AMT
LOCK|HV>h$rLOCK|##!&^$90B
Digital Realty Trust Inc
DLR
LOCK|?Pjs<>HLOCK|Fq!$70B
Crown Castle Inc
CCI
LOCK|j@LOCK|^!Ff$39B
Iron Mountain Inc
IRM
LOCK|<Wkt&%LOCK|##$<$35B
SBA Communications Corp Class A
SBAC
LOCK|FXcD#JLOCK|<n@@$20B
Lamar Advertising Co Class A
LAMR
LOCK|!!Gk#!LOCK|!rk<q$16B
Weyerhaeuser Co
WY
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Gaming and Leisure Properties Inc
GLPI
—LOCK|P>$12B
Uniti Group Inc
UNIT
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