Barclays has downgraded American Tower Corp (AMT) to Equal-Weight from Overweight, reflecting a more cautious outlook on the real estate investment trust. This revision, effective November 30, 2025, suggests that the firm may be concerned about competitive pressures and market conditions that could affect American Tower's performance.
Currently, American Tower's shares are priced at $177.85, and the company boasts a market capitalization of $84.8 billion. The firm, headquartered in Boston, Massachusetts, specializes in leasing space on multi-tenant communications sites to various clients, including wireless service providers and government agencies. Its diverse segments include U.S. & Canada property, Africa & APAC property, Europe property, Latin America property, Data Centers, and Services.
The downgrade follows a mixed earnings performance. In Q3 2025, American Tower reported an EPS of $1.82, surpassing estimates by 9.6%. However, prior quarters showed significant misses against expectations, raising questions about future earnings stability. Upcoming earnings are anticipated on July 27, 2026, with an estimated EPS of $1.68 and revenue of $2.8 billion.
Analyst ratings can provide valuable insights but should be considered alongside a range of factors, including company fundamentals and market trends. As of December 1, 2025, the consensus rating for American Tower remains a Buy, with 6 Strong Buy, 15 Buy, and 6 Hold ratings among 27 analysts.
Such decisions reflect the evolving landscape of the real estate sector and the unique challenges faced by American Tower as it navigates competitive pressures and market dynamics.