SBA Communications Corporation (SBAC) : 8 brokerage houses believe that SBA Communications Corporation (SBAC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on SBA Communications Corporation (SBAC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.69.
SBA Communications Corporation (SBAC) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $150 and the lowest price target forecast is $115. The average forecast of all the analysts is $127.82 and the expected standard deviation is $10.26.
Also, Jefferies maintains their rating on the shares of SBA Communications Corporation (NASDAQ:SBAC). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $133 per share from $115 per share. The rating by the firm was issued on July 29, 2016.
SBA Communications Corporation (NASDAQ:SBAC): After opening at $108.46, the stock dipped to an intraday low of $107.96 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $109.31 and the buying power remained strong till the end. The stock closed at $108.9 for the day, a gain of 0.16% for the day session. The total traded volume was 858,625. The stocks close on the previous trading day was $108.73.
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.