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SBA Communications (NASDAQ:SBAC)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Tuesday. They currently have a $120.00 price target on the stock, up from their previous price target of $115.00. Jefferies Group’s price objective indicates a potential upside of 12.70% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of SBA Communications from $118.00 to $127.00 in a research note on Monday. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. SBA Communications has an average rating of “Buy” and an average price target of $114.33.

SBA Communications (NASDAQ:SBAC) traded down 0.18% on Tuesday, hitting $106.48. 1,142,299 shares of the company’s stock traded hands. SBA Communications has a one year low of $71.10 and a one year high of $107.55. The stock has a 50-day moving average of $101.5 and a 200-day moving average of $95.9. The company’s market cap is $13.747 billion.

SBA Communications (NASDAQ:SBAC) last released its earnings data on Thursday, July 24th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts predict that SBA Communications will post $0.01 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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