|Bid||217.01 x 1300|
|Ask||219.61 x 800|
|Day's Range||214.22 - 220.44|
|52 Week Range||174.32 - 272.20|
|Beta (5Y Monthly)||0.25|
|PE Ratio (TTM)||51.98|
|Earnings Date||Feb 23, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||4.84 (2.25%)|
|Ex-Dividend Date||Dec 24, 2020|
|1y Target Est||278.65|
Moody's Investors Service, ("Moody's") has affirmed American Tower Corporation ("American Tower")'s senior unsecured rating at Baa3. The rating affirmation follows the tower REIT's announcement that it has entered into an agreement to acquire Telxius Towers, a portfolio of about 31,000 existing communication sites in Europe and Latin America, for total consideration of E7.7 billion ($9.4 billion at current exchange rates).
American Tower's (AMT) acquisition of 31,000 communications sites will enable it to accelerate property revenues and organic tenant billings growth, and scale business in Europe.
Shares of Telefonica (NYSE: TEF) jumped 10% on Wednesday after the Spanish telecom company agreed to sell its European and South American towers and related assets to American Tower (NYSE: AMT). The deal makes sense for both parties, and as of this writing shares of American Tower are up slightly as well. On Wednesday Telefonica said its Telxius Telecom unit has agreed to sell towers in Spain, Germany, Brazil, Peru, Chile, and Argentina for 7.7 billion euros, or about $9.41 billion in cash.