In the recent news, American Tower Corporation (AMT) has shown promising developments. The company's performance in this particular earnings season is expected to surprise analysts. Solidarity Wealth LLC sold its shares in the company, while TrinityPoint Wealth LLC maintains a $556,000 stake. American Tower has priced its Senior Notes offering and proved to be a strong portfolio pick. On the contrary, Barclays lowered the target price to $223.00. Investors are eyeing its earnings per share (EPS) growth and other features. Recently, the firm inked lease with DISH for 20,000 towers and closed the Telxius Towers' buyout in Europe. Corporate activities like Q1 2024 earnings call and declaration of quarterly distribution indicate a healthy financial status. Despite a dividend cut, analysts recommend holding American Tower in the portfolio. International market analysis and an overview of Q4 and full-year 2023 results provide mixed signals. With AMT's stock price fluctuating, analysts suggest that its growth may reaccelerate in a few years. Scheduled first quarter 2024 earnings release hints at positive results. As a 'wide moat' juggernaut, AMT is eyed by buy-and-hold investors. Several investors like Linscomb & Williams Inc., Robeco Institutional Asset Management B.V., and Fortis Capital Advisors LLC increased their stake in the company. Upcoming investor conferences indicate more plans for the future. The election of Neville R. Ray to the Board of Directors strengthens its leadership team.
American Tower Corporation AMT News Analytics from Sat, 16 Sep 2023 07:00:00 GMT to Thu, 30 May 2024 19:49:02 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -2
