Impact of Brokerage Rating on SBA Communications Corporation(SBAC)

Many SBA Communications Corporation(SBAC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. SBA Communications Corporation was Downgraded by Citigroup to Neutral on Jan 25, 2017. SBA Communications Corporation was Initiated by Guggenheim to Neutral on Dec 16, 2016. SBA Communications Corporation was Initiated by Macquarie to Neutral on Dec 6, 2016. SBA Communications Corporation was Upgraded by JP Morgan to Overweight on Nov 30, 2016.

Company has reported several Insider transactions to the SEC, on Sep 19, 2016, Duncan Cocroft (director) purchased 500 shares at 109.14 per share price.On Aug 11, 2016, Jason V Silberstein (EVP – Site Leasing) sold 22,192 shares at 115.68 per share price.On Aug 11, 2016, Jeffrey Stoops (Chief Executive Officer & Pres) sold 100,000 shares at 116.40 per share price.

SBA Communications Corporation Last issued its quarterly earnings results on Nov 1, 2016. The company reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $1.40. The company had revenue of $411.32 million for the quarter, compared to analysts expectations of $412.73 million. The companys revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

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 1.7 by 10 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

SBA Communications Corporation (NASDAQ:SBAC): The stock price is expected to reach $ 130.1 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $150 while the lower estimate is at $116. The standard deviation of the price stands at $9.3.

SBA Communications Corporation (NASDAQ:SBAC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.81% or 0.89 points. After the session commenced at $109.45, the stock reached the higher end at $109.78 while it hit a low of $108.14. With the volume soaring to 608,701 shares, the last trade was called at $108.73. The company has a 52-week high of $118.57. The company has a market cap of $13,490 million and there are 124,072,843 shares in outstanding. The 52-week low of the share price is $88.79.

SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE)

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