American Tower (AMT) Offering Possible 19.05% Return Over the Next 13 Calendar Days

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American Tower’s most recent trend suggests a bullish bias. One trading opportunity on American Tower is a Bull Put Spread using a strike $227.50 short put and a strike $222.50 long put offers a potential 19.05% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $222.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Tower is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Tower is bullish.

The RSI indicator is at 70.47 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for American Tower

2021 Outlook: Data Center REITs
Thu, 04 Feb 2021 13:11:00 +0000
Unlike most types of commercial real estate, data center REITs benefited from the remote work and stay-at-home economy of 2020. In this Fool Live video clip, recorded on Jan. 19, Millionacres real estate analyst Matt Frankel, CFP, and editor Deidre Woollard discuss what 2021 could have in store for data centers and the REITs that own them. Deidre Woollard: Let’s talk about two categories that are relatively new but end up lumped together, which is data centers and infrastructure.

Telefonica’s M&A Plan Leaves CEO With No Room for Error
Thu, 04 Feb 2021 13:06:57 +0000
(Bloomberg) — Telefonica SA notched up its strongest January share rally in six years after it clinched a sale of its wireless towers for 7.7 billion euros ($9.4 billion).The jump still leaves Telefonica far behind its rivals, and Chairman Jose Maria Alvarez-Pallete now faces a series of more daunting challenges to keep his new investors onside.First up is a sale of most of Telefonica’s underperforming Latin American units. The promise remains mostly unfulfilled because the pandemic is ravaging economies and putting off potential buyers, according to people familiar with the negotiations. Efforts to bring new investors into Telefonica’s technology ventures are also proving to be a much bigger challenge than expected, they said.For now, the sale of more than 30,000 tower sites to American Tower Corp. has helped to counter a perception often voiced by investors that Telefonica management is over-promising and under-delivering on asset sales needed to cut debt. Few had expected Pallete to give up full control of the wireless infrastructure to net a bigger cash windfall.“For some time, Telefonica’s management credibility was questioned and it showed through clearly in the stock’s under-performance,” said Bestinver Gestion fund manager Ricardo Seixas, who bought into Telefonica toward the end of last year. The tower sale “signals the company is doing what the market expects of it.”There’s a lot more to do. Telefonica’s cash-rich core business in Spain is under pressure as the pandemic exacerbates intense competition. That means Pallete must move faster to cut a 37 billion-euro mountain of debt by selling underperforming assets and boost returns in Brazil, the U.K. and Germany. Debt is set to fall by 4.6 billion euros once the American Tower deal is complete.One of his biggest moves came last May, when Telefonica and Liberty Global Plc announced the merger of their British wireless and cable businesses in Telefonica’s biggest-ever deal. In December, a consortium formed by Telefonica and two other carriers moved to acquire Brazil’s Oi SA, paving the way for a long-awaited consolidation of the country’s mobile industry.Bringing new partners into Telefonica’s cloud computing, cybersecurity and Internet of Things businesses would help to honor Pallete’s promise to modernize the staid former phone monopoly and develop its tech business to boost returns. Even after January’s 10% share gain, Telefonica’s forward share price-to-earnings ratio — a measure of its profit growth prospects — is among the lowest of its big European peers, according to Bloomberg data.Pallete hived off the tech activities into a new division and gave it its own CEO in 2019. The effort is only partially complete. Splitting teams such as sales away from the legacy business is proving a challenge, according to people with knowledge of the situation. Until the tech units are fully autonomous, Pallete can’t invite in new investors, said the people, who asked not to be identified discussing internal matters.Telefonica declined to comment.The company’s shares were down 0.48% to 3.705 euros per share as of 2:04 p.m. Shares are up 14.2% this year.Spanish BattleSince he became chairman in April 2016, the 57-year-old Pallete has relied mostly on using cash flow to cut debt, rather than disposals, and resisted calls to cut the dividend. Leverage has fallen by about 27%.The tower deal fits with Pallete’s plan to find other investors to help shoulder new infrastructure investments and rein in his own spending. Telefonica has even partnered with insurer Allianz SE to set up a wholesale fiber-broadband business in Germany.A durable turnaround for Telefonica can’t happen without improvements in Spain, which contributes almost a third of its revenue.The pandemic has hammered the country’s economy and led the quietly-spoken Pallete, who usually shuns politics, to forge a closer working relationship with Prime Minister Pedro Sanchez.Pallete has worked closely with the government to help draw up a national digital industry policy paid for out of European Union recovery funds. Spain passed a law during the pandemic allowing the government to block acquisitions of stakes above 10% in any company considered strategic. The law was passed to protect companies, such as Telefonica, whose shares have performed poorly in recent years from hostile takeovers.The Spanish business depends heavily on higher-spending clients. Telefonica has added digital services ranging from home security to health and is even working on plans to sell solar panels and energy. Now it’s getting harder to squeeze more revenue from premium customers, just as the company battles to retain clients on cheaper subscription plans.The mid- to lower end of the Spanish market is fiercely competitive, with one of the highest rates of customer defections in Europe and a host of phone brands fighting for business.“Telefonica is forced to pivot urgently from premium to value in Spain,” Jefferies analysts wrote this month as they cut their rating on the carrier to underperform from hold. “Recession and a six-player market are the driving forces.”(Updates with shares in 11th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

American Tower Plans Fourth Quarter and Full Year 2020 Earnings Release and Conference Call
Wed, 03 Feb 2021 21:30:00 +0000
American Tower Corporation (NYSE: AMT) announced today that the press announcement of its fourth quarter and full year 2020 results is scheduled to be released to the news services at 7:00 a.m. ET on Thursday, February 25, 2021. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on February 25, 2021 to discuss its results.

American Tower (AMT) Gains But Lags Market: What You Should Know
Tue, 02 Feb 2021 22:50:10 +0000
American Tower (AMT) closed at $236.15 in the latest trading session, marking a +0.25% move from the prior day.

2 Cell Tower REITs Generating a Buy Signal
Tue, 02 Feb 2021 14:22:32 +0000
Here’s why cell tower REITs should be on your trading watchlist. Play two communication infrastructure giants with these tactical ideas.

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