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Stock impact report

American Tower Stock Gains 28.7% in 6 Months: Will the Trend Last? [Yahoo! Finance]

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 closing. Analysts seem bullish on this tower real estate investment trust (REIT), which currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its 2024 funds from operations (FFO) per share has been raised marginally northward over the past month to $10.51. Image Source: Zacks Investment Research Factors Behind AMT Stock's Price Surge: Will the Trend Last? The advancement in mobile technology, such as 4G and 5G, and the proliferation of bandwidth-intensive applications propel growth in mobile data usage globally. Amid this, wireless service providers and carriers have been d Show less Read more
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