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One company that I have been a bit bullish on recently, but without much success, is none other than American Tower Corporation (AMT). For those not familiar with the business, it serves as a major player in
Despite The Pullback, American Tower Remains A Decent Play
Summary
- American Tower Corporation saw a 6.1% stock price increase after reporting strong Q4 2024 results, with revenue and FFO exceeding analysts' expectations.
- Despite a 10.5% decline since my October 2024 'buy' recommendation, I remain optimistic about American Tower's long-term prospects, especially its data center growth.
- Management plans $1.7 billion in capital expenditures for 2025, focusing on growth initiatives, including $600 million for data center campuses.
- While 2025 guidance indicates mixed results, American Tower remains a high-quality, low-risk investment, warranting a soft 'buy' rating.
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