American Tower (AMT) Upgraded to Outperform at RBC Capital

With an annual dividend yield of 3.98%, American Tower Corporation (NYSE:AMT) is included among the 12 Best NYSE Stocks to Buy for Dividends.

American Tower Corporation is a Fortune 500, S&P 500, and Forbes Global 2000 company that provides the infrastructure for modern digital communications.

On June 26, RBC Capital upgraded American Tower Corporation from ‘Sector Perform’ to ‘Outperform’ and also raised its price target on the stock from $195 to $205, indicating an upside of almost 17% from the current levels.

American Tower Corporation raised its guidance for full-year 2026 after beating top-line and bottom-line estimates in its first quarter, supported by the robust leasing ​demand from telecom firms, expanding mobile data consumption, ‌and cloud adoption.

American Tower Corporation is now expecting total property revenue of between $10.59 billion and $10.74 billion for full-year 2026, up from its prior forecast of $10.44 ​billion to $10.59 billion. Additionally, the company is now targeting adjusted funds from operations (AFFO) per share attributable to its common stockholders in the range of $10.90 to $11.07, ​up from its prior guidance of $10.78 to $10.95.

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