The Latest Breaking News from American Tower

Despite lagging the broader market over the past year, American Tower continues to earn fair support from Wall Street analysts.

American Tower is slated to report its fourth-quarter results soon, and analysts forecast a single-digit rise in its bottom-line figure.

Though American Tower has underperformed relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects.

American Tower Corp. (NYSE:AMT) reported its third-quarter results on Tuesday, before the market opened, surpassing Wall Street estimates.

American Tower is slated to release its third-quarter results later this month, and analysts forecast a single-digit dip in its bottom-line figure.

American Tower’s (NYSE:AMT) growth outlook remains tied to muted carrier activity, with T-Mobile US (NASDAQ:TMUS) driving colocations to meet Federal Communications Commission (FCC) buildout rules while Verizon (NYSE:VZ) and ATT (NYSE:T) continue network upgrades that bring only incremental leasing revenue.

Although American Tower has been trailing behind the S&P 500 over the past year, analysts remain bullish about the stock's growth potential.

Although American Tower has underperformed relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects.

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