Analyst Price Target Update on SBA Communications Corporation (NASDAQ:SBAC)

SBA Communications Corporation (NASDAQ:SBAC) stock has received a short term price target of $ 119.46 from 11 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $8.68. The higher estimate of target price is $133 , while the lower price target estimate is $102

Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on SBA Communications Corporation (NASDAQ:SBAC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $106 per share to $102 per share. The rating by the firm was issued on May 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP – Operations) of Sba Communications Corp, Ciarfella Mark R had sold 3,950 shares worth of $377,225 in a transaction dated March 15, 2016. In this transaction, 3,950 shares were sold at $95.5 per share.

SBA Communications Corporation (NASDAQ:SBAC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.26 points or 0.26% at $100.76 with 1,030,814 shares getting traded. Post opening the session at $100.46, the shares hit an intraday low of $100.46 and an intraday high of $102.26 and the price was in this range throughout the day. The company has a market cap of $12,648 million and the number of outstanding shares have been calculated to be 125,524,099 shares. The 52-week high of SBA Communications Corporation (NASDAQ:SBAC) is $128.4699 and the 52-week low is $82.8.

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.

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