American Tower (AMT) Up 20.6% in 3 Months: Will the Trend Last?
American Tower(AMT) ZACKS·2024-08-14 00:36
Shares of American Tower Corporation (AMT) have risen 20.6% in the past three months compared with the industry’s growth of 11.5%.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 als ...