American Tower: Dual Growth Opportunities In Telecom And Data Center - Reiterate Buy
American Tower(AMT) Seeking Alpha·2024-06-08 02:00
Richard Drury/DigitalVision via Getty Images We previously discussed American Tower Corporation (NYSE:AMT) in March 2024, discussing why we had upgraded the stock to a Buy after the much-needed pullback from its December 2023 top, thanks to the market's over-reaction to the lowered quarterly dividend payouts on a QoQ basis. However, we had believed that AMT was a better buy after the correction, thanks to the improving monetization in FY2023, the management's promising FY2024 guidance, and the near-term foc ...