American Tower delivered 2.5% revenue growth in the third quarter, down from 4.7% last quarter, driven by weak services revenue, tepid US tower leasing activity, and less favorable currency movements. The data center business continues to outperform, with revenue growth accelerating to 17%.
Wireless carrier investment must continue, both domestically and internationally, to support ongoing data consumption growth, fueling demand for tower space.
American Tower continues to invest in its international tower business, diluting hefty US margins and introducing new risks to revenue.
|
Metric
|
AMT
|
CCI
|
CLNX
|
|---|---|---|---|
Price/Earnings (Normalized) | 25.17 | 35.09 | 51.33 |
Price/Book Value | 24.26 | — | 1.45 |
Price/Sales | 7.80 | 9.35 | 4.05 |
Price/Cash Flow | 15.03 | 20.38 | 7.12 |
|
Metric
|
AMT
|
CCI
|
CLNX
|
|---|---|---|---|
Quick Ratio | 0.31 | 0.43 | 0.62 |
Current Ratio | 0.35 | 0.52 | 0.62 |
Interest Coverage | 3.64 | 2.16 | −0.03 |
|
Metric
|
AMT
|
CCI
|
CLNX
|
|---|---|---|---|
Return on Assets (Normalized) | 5.68% | — | −0.55% |
Return on Equity (Normalized) | 97.86% | — | −1.87% |
Return on Invested Capital (Normalized) | 8.45% | — | 0.26% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States