American Tower Co. (NYSE:AMT) had its position lowered by
Johnson Investment Counsel Inc. regardless of
earnings season turning to be great for the company. The company
raised dividends by 6.1%, rewarding investors significantly. The
stock increased by 20.1% in QTD with
Q1 2024 earnings beating expectations. However, it was reported that the company's
stock suffered larger drops compared to the general market, despite overall market gains. In financial developments, AMT has delivered
significant earnings growth in Q1 and completed a strategic review,
announcing the sale of its operations in India to Brookfield. The company lifted its 2024 guidance after
strong demand propelled Q1 earnings. Despite delivering on sustainable growth and income, AMT faced pressure due to
increasing rates.
American Tower Corporation AMT News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 19:21:44 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor 4
