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Equities research analysts at Raymond James boosted their price target on shares of SBA Communications (NASDAQ:SBAC) from $118.00 to $127.00 in a research note issued to investors on Monday. Raymond James’ price target indicates a potential upside of 19.06% from the stock’s previous close.

A number of other firms have also recently commented on SBAC. Analysts at Barclays raised their price target on shares of SBA Communications from $104.00 to $125.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of SBA Communications from $115.00 to $122.00 in a research note on Monday. They now have a “top pick” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of SBA Communications from $116.00 to $125.00 in a research note on Monday. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $114.00.

Shares of SBA Communications (NASDAQ:SBAC) traded up 3.34% during mid-day trading on Monday, hitting $106.67. 1,850,579 shares of the company’s stock traded hands. SBA Communications has a one year low of $71.10 and a one year high of $106.71. The stock has a 50-day moving average of $101. and a 200-day moving average of $95.66. The company’s market cap is $13.772 billion.

SBA Communications (NASDAQ:SBAC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $1.32. The company had revenue of $383.40 million for the quarter, compared to the consensus estimate of $371.40 million. During the same quarter last year, the company posted ($0.28) earnings per share. SBA Communications’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that SBA Communications will post $0.03 EPS for the current fiscal year.

SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications towers.

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