American Tower Stock Gains 28.7% in 6 Months: Will the Trend Last?
AMTAmerican Tower(AMT) ZACKS·2024-10-16 04:10

Shares of American Tower (AMT)  have rallied 28.7% over the past six months, outperforming the industry's 21.7% growth.In September, AMT concluded the sale of all equity interests in American Tower Company (“ATC”) India to Data Infrastructure Trust (“DIT”) sponsored by an affiliate of Brookfield Asset Management. It is expected that the sale proceeds will be utilized toward the repayment of American Tower's existing indebtedness, including the repayment of the existing term loan in India at the time of clos ...