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American Tower Corp: Profits calling
The American Tower Corporation is not just a US wireless and broadcast communications company, it's 'undervalued' and could be a stock worth having on your radar. That's according to research by Morningstar. Analyst, Imari Love says as a leading provider of wireless and broadcast communications infrastructure, American Tower benefits from the constant pressure mobile and wireless carriers are under to expand their coverage. Love details the type of growth experienced within the sector citing a thirteen fold increase in mobile data and a seven times increase in network connection speed over a five year period. Love believes investing in American Tower, “gives you exposure to these same secular themes,” especially abroad.
International markets in Brazil, India, and Africa are growing fast and offer a large amount of potential in the coming years. They also offer more profit compared to domestic markets, according to Love.
American Tower clearly plans to capitalize on this potential as it decided to increase its dividend payment by 20 percent over the next 5-7 years.
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