Down 30%, Is American Tower a Buy Right Now?

By Matt Frankel and Tyler Crowe – May 5, 2023 at 6:23AM

NYSE: AMT

American Tower

Market Cap

$81B

Today's Change

(-0.26%) -$0.45

Current Price

$172.90

Price as of April 25, 2024, 4:00 p.m. ET

The communications REIT has produced strong results, but is the stock still worth a look?

American Tower (AMT -0.26%) recently reported its first-quarter earnings. In this video, Fool.com contributors Tyler Crowe and Matt Frankel discuss the numbers and whether American Tower is an attractive opportunity right now.

*Stock prices used were the afternoon prices of April 27, 2023. The video was published on May 1, 2023.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has positions in American Tower. The Motley Fool has positions in and recommends American Tower. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.