SBA Communications Now Covered by Analysts at Credit Suisse (SBAC)
Equities research analysts at Credit Suisse assumed coverage on shares of SBA Communications (NASDAQ:SBAC) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of SBA Communications from $100.00 to $115.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of SBA Communications in a research note on Tuesday, May 6th. Finally, analysts at Raymond James raised their price target on shares of SBA Communications from $110.00 to $118.00 in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $107.75.
Shares of SBA Communications (NASDAQ:SBAC) opened at 99.84 on Friday. SBA Communications has a 52-week low of $70.55 and a 52-week high of $101.90. The stock has a 50-day moving average of $97.82 and a 200-day moving average of $92.57. The company’s market cap is $12.860 billion.
SBA Communications (NASDAQ:SBAC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $1.23. The company had revenue of $345.50 million for the quarter, compared to the consensus estimate of $334.60 million. During the same quarter last year, the company posted $0.98 earnings per share. SBA Communications’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that SBA Communications will post $0.03 earnings per share for the current fiscal year.
SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications towers.
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