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American Tower: Mobile Trends Fueling Expansion But Not A Buy Yet
Seeking Alpha· 2024-02-06 13:53
Bill OxfordInvestment Thesis American Tower Corporation (NYSE:AMT) is well positioned to experience growth, taking advantage of the increasing mobile penetration and data demand. The expansion of voice and data networks, along with the growing adoption of devices (excluding IoT), indicates a demand for AMT's infrastructure services worldwide. From my perspective, AMT has consistently shown revenue growth despite some fluctuations in earnings per share due to factors only effecting the business in the sh ...
American Tower (AMT) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-02-02 00:01
In the latest market close, American Tower (AMT) reached $198.39, with a +1.4% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.25% for the day. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 1.3%.The the stock of wireless communications infrastructure company has fallen by 8.87% in the past month, lagging the Finance sector's loss of 2.58% and the S&P 500's gain of 1.58%.Market participants will be closely following the financial r ...
4 REITs Likely to Emerge Victorious This Earnings Season
Zacks Investment Research· 2024-01-30 14:36
The fourth-quarter reporting cycle is underway, and investors can be lured by the profits of companies that have already released their quarterly figures. However, rather than adding the stock later to your portfolio, accumulating the ones poised to beat estimates can generate higher gains. This is because an earnings beat usually serves as a catalyst, raising investors’ confidence in the stock and resulting in price appreciation.This is likely to be reflected in the earnings releases of American Tower Corp ...
American Tower (AMT) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-01-27 00:01
The most recent trading session ended with American Tower (AMT) standing at $197.29, reflecting a -1.46% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.07%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.36%.Heading into today, shares of the wireless communications infrastructure company had lost 7.81% over the past month, lagging the Finance sector's loss of 1.77% and the S&P 500's gain of 3.05% in that time.Market parti ...
Should You Retain American Tower (AMT) in Your Portfolio Now?
Zacks Investment Research· 2024-01-26 16:15
American Tower Corporation’s (AMT) extensive and geographically diversified communication real estate portfolio is going to benefit from increased investments by wireless carriers in 4G and 5G networks. Its expansionary efforts augur well for long-term growth, though customer concentration and high interest rates pose key concerns.What’s Aiding It?With the advancement in mobile technology, such as 4G and 5G networks and the proliferation of bandwidth-intensive applications, mobile data usage has increased s ...
Got $500? 2 Real Estate Dividend Stocks to Buy and Hold Forever
The Motley Fool· 2024-01-26 13:15
The emerging bull market has put many investors' focus back on growth stocks -- and for good reason. Identifying opportune buys among companies positioned for sustained growth is a well-proven way to build wealth, and the beginning of a stock market run can be a great time to jump aboard.Yet this also is a good time to look at income stocks, which are typically viewed as more defensive, but still represent investments in businesses in sectors with the secular tailwinds to have some nice growth potential of ...
American Tower (AMT) Stock Declines While Market Improves: Some Information for Investors
Zacks Investment Research· 2024-01-24 00:21
In the latest trading session, American Tower (AMT) closed at $202.26, marking a -0.86% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.43%.Heading into today, shares of the wireless communications infrastructure company had lost 5.19% over the past month, lagging the Finance sector's loss of 2.71% and the S&P 500's gain of 2.08% in that time.The upcoming ...
American Tower Plans Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Businesswire· 2024-01-22 21:30
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its fourth quarter and full year 2023 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, February 27, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on February 27, 2024 to discuss its results. Conference call details are as follows:     Call Date: Tuesday, February 27, 2024 Call Time: 8:30 a.m. ET ...
CoreSite to be Featured at PTC 2024
Businesswire· 2024-01-18 16:00
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate in the upcoming Pacific Telecommunications Conference 2024 (“PTC”) on January 21-24 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii. The annual PTC event provides a platform to focus on planning, networking and discovering what lies ahead for the digital infrastructure, information and communication technology, and tel ...
American Tower Corporation Announces Tax Reporting Information for 2023 Distributions
Businesswire· 2024-01-18 13:00
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced year-end tax reporting information for its 2023 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment. American Tower Corporation Common Stock CUSIP 03027X100 Ticker Symbol: AMT Record Date Payment Date Cash Distribution (per share) Ordinary Taxable Dividends (per share) Qualified Taxable Dividends (1) (per share)   Section 199A Dividends (1) (pe ...