SBA Communications Corporation (NASDAQ:SBAC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.85 by 13 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of SBA Communications Corporation (NASDAQ:SBAC). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $102 per share from a prior target of $106. The rating by the firm was issued on May 27, 2016.
SBA Communications Corporation (NASDAQ:SBAC): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $119.46 in SBA Communications Corporation (NASDAQ:SBAC). However, the stock price could fluctuate by $ 8.68 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $133 price target with the lower price estimate is calculated at $102
SBA Communications Corporation (NASDAQ:SBAC) rose 0.57% or 0.58 points on Tuesday and made its way into the gainers of the day. After trading began at $101.99 the stock was seen hitting $102.82 as a peak level and $101.31 as the lowest level. The stock ended up at $102.66. The daily volume was measured at 1,261,293 shares. The 52-week high of the share price is $128.4699 and the 52-week low is $82.8. The company has a market cap of $12,886 million.
Shares of SBA Communications Corp. rose by 2.41% in the last five trading days and 5.51% for the last 4 weeks. SBA Communications Corp. is up 5.03% in the last 3-month period. Year-to-Date the stock performance stands at -2.29%.
SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company operated through two segments, namely site leasing and site development. The Companys primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5,000 actual or potential towers. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Companys principal operations are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America, and South America.