American Tower Stock Up 11.8% in 3 Months: Will It Rise Further?

Shares of American Tower (AMT) have risen 11.8% over the past three months, against the industry's fall of 0.4%.American Tower owns an extensive, geographically diversified communication real estate portfolio. With wireless carriers increasing capital expenditure due to rising wireless penetration, accelerated 5G network deployment efforts and spectrum auctions, demand is likely to stay strong.Moreover, the long-term leases with its tenants assure stable cash flows. Its continued efforts toward macro-tower ...