American Tower Corporation (NYSE:AMT) has received a consensus rating of 'Moderate Buy' from analysts. The company's consistent participation in investor conferences underscores their commitment to transparency and shareholder relations. Investment firms like Janney Montgomery Scott LLC and Principal Financial Group Inc. have reportedly sold substantial shares, but American Tower Co. still sustains investor interest for its promising performance. The company reported favorable Q1 2024 earnings and topped Q4 earnings albeit with lagging revenues. The corporation estimates significant earnings growth in forthcoming quarters and has upgraded its '24 view following Q1 AFFO beat estimates. The company also rewarded investors with a 6.1% dividend hike. However, news of the CEO's planned stock sale has incited mixed reactions. Also noteworthy is the election of Neville R. Ray to the Board of Directors. Queries have surfaced about the corporation's dip in the market, but bullish sentiments persist due to a strong demand propelling Q1 earnings and lifted 2024 guidance. Amid all this, American Tower sold its India Business in a $2.5 billion deal.
American Tower Corporation AMT News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 16:58:19 GMT -
Innovation 5
- Information 8
- Rumor -1
