The reports indicate a mixed performance for
American Tower Corporation (AMT). While the company had a better than expected
FFO in Q3, it missed revenue estimates due to a slowdown in leasing. AMT's stock initially dipped on the news, but has shown resilience, holding an 'Outperform' status at BMO and some investment groups making new investments in the company. Challenges faced in Q3 include global fluctuations and the impact of slow leasing. The company has adjusted its FY24
AFFO to $9.86-$10.03, lower than the consensus of $10.49. AMT is seen as a critical stock for the
mobile data market, mainly due to its prominent role in the
5G space. In a significant strategic move, AMT sold its operations in India to Brookfield. Despite the challenges and underperformance, some reports still regard AMT as a preferred stock for new investors, especially due to its enticing dividends. Several analysts are still
bullish on AMT, primarily due to its potential in the
5G rollout. However, it's advised that investors stay vigilant due to possible market volatility.
American Tower Corporation AMT News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 12:57:51 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor 1
