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American Tower ( (AMT) ) has shared an announcement.
American Tower Corporation reported that DISH Wireless L.L.C. has failed to meet its payment obligations and is in default under their March 2021 Strategic Collocation Agreement, under which DISH leases tower space from American Tower. The company has sought a declaratory judgment to affirm that DISH’s obligations under the agreement remain in force, but stated that it does not expect the DISH default to affect its financial results for the year ended December 31, 2025, suggesting limited near-term financial impact despite the contractual dispute.
The most recent analyst rating on (AMT) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
Spark’s Take on AMT Stock
According to Spark, TipRanks’ AI Analyst, AMT is a Outperform.
American Tower’s strong earnings call performance and strategic financial management are significant positives, driving the overall score. However, high leverage and neutral technical indicators moderate the outlook. The company’s valuation and dividend yield offer additional support.
To see Spark’s full report on AMT stock, click here.
More about American Tower
American Tower Corporation is a global owner and operator of wireless and broadcast communications infrastructure, leasing space on its towers and related assets primarily to mobile network operators and other wireless service providers.
Average Trading Volume: 3,173,675
Technical Sentiment Signal: Sell
Current Market Cap: $84.01B
For an in-depth examination of AMT stock, go to TipRanks’ Overview page.