AMT Stock Recent News
AMT LATEST HEADLINES
In the latest trading session, American Tower (AMT) closed at $197.38, marking a +1.69% move from the previous day.
American Tower Corporation investors saw a sequential reduction in quarterly dividends recently. Despite that, dip-buyers have returned, potentially helping AMT to bottom out. American Tower's 5G investment cycle growth is expected to decelerate.
AMT offers an improved margin of safety after the recent pullback, as the market digests the lowered quarterly dividend payouts on a QoQ basis. However, we believe that the moderated AFFO payout ratio is prudent during an elevated interest rate environment, since it allows the management to deleverage its balance sheet. In addition, AMT has offered a promising FY2024 guidance, further demonstrating its ability to consistently generate profitable growth while sustaining its shareholder returns.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
American Tower recently cut its dividend, but it's not a cause for concern as the company remains in a strong position for growth. The company has a resilient infrastructure with a large portfolio of towers and data centers, providing stable revenue streams. Analysts predict accelerating growth for American Tower after 2024, backed by favorable secular growth trends like IoT.
American Tower (AMT) closed the most recent trading day at $193.94, moving -0.35% from the previous trading session.
American Tower (AMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
RLTY: 9% Income, Attractive Discount And Benefit From A Real Estate Turnaround
American Tower (AMT) closed at $197.34 in the latest trading session, marking a -0.93% move from the prior day.