Short Term Rating on SBA Communications Corporation (SBAC)

SBA Communications Corporation (SBAC) : Zacks Investment Research ranks SBA Communications Corporation (SBAC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.85, which indicates as a Buy.

SBA Communications Corporation (SBAC) : 11 Wall Street analysts covering SBA Communications Corporation (SBAC) believe that the average level the stock could reach for the short term is $120.46. The maximum price target given is $133 and the minimum target for short term is around $102, hence the standard deviation is calculated at $9.47.

For the current week, the company shares have a recommendation consensus of Buy.


SBA Communications Corporation (NASDAQ:SBAC): The stock opened at $113.86 on Tuesday but the bulls could not build on the opening and the stock topped out at $114.21 for the day. The stock traded down to $112.56 during the day, due to lack of any buying support eventually closed down at $112.78 with a loss of -0.46% for the day. The stock had closed at $113.30 on the previous day. The total traded volume was 1,676,217 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *