American Tower (AMT) Rises 9.7% in 3 Months: Will the Trend Last?
American Tower(AMT) ZACKS·2024-07-11 01:36
Shares of American Tower Corporation (AMT) have gained 9.7% in the past three months compared with the industry’s growth of 2.7%.The company is poised well to ride the growth curve with wireless carriers increasing capital expenditure due to rising wireless penetration, accelerated 5G network deployment efforts and spectrum auctions. The long-term leases with its tenants assure stable cash flows. Moreover, its continued efforts toward macro-tower investments are encouraging. A decent financial position also ...