Barclays Turns Cautious on American Tower (AMT) Amid EchoStar Risks

American Tower Corporation (NYSE:AMT) is included among the 15 Blue Chip Dividend Stocks to Build a Passive Income Porfolio.

Barclays Turns Cautious on American Tower (AMT) Amid EchoStar Risks

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On December 1, Barclays analyst Brendan Lynch trimmed the firm’s rating on American Tower Corporation (NYSE:AMT) to Equal Weight and also lowered the price target to $200 from $203. The analyst highlighted that the tower companies might have difficulties collecting rent from EchoStar. In addition, issues like reserves and churn could also hurt growth in 2026. Barclays expects that negatives would outweigh the positives ahead, so it’s taking a more cautious stance for now.

American Tower Corporation (NYSE:AMT)’s earnings for the third quarter of 2025 came in strong, with revenues of $2.7 billion, which not only grew by 7.7% YoY but also beat analysts’ estimates by $61.4 million. The company’s property revenue jumped by 5.9% to $2.6 billion. Net income was the real winner, which grew by a staggering 217% to $913 million. The company mentioned that leasing also remained strong in its US and international towers due to spending on better coverage and capacity.

American Tower Corporation (NYSE:AMT) also raised its performance targets for the year. The company’s property revenue is now expected to be between $10.21 billion and $10.29 billion, which represents an increase of $40 million at the midpoint of the guidance range.

American Tower Corporation (NYSE:AMT) is an American infrastructure-focused real estate investment trust company.

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