What is American Tower’s (AMT) Economic Moat, and is it Widening or Narrowing?

American Tower Corporation (NYSE:AMT) traded at around $165 on October 6, within five dollars of its 52-week low of $160.06. The company keeps 45.41% of revenue as operating profit on a portfolio of communications towers leased to wireless carriers. A business that profitable sitting at a 52-week low is usually a disagreement about the future […]