SBA Communications Now Covered by Goldman Sachs (SBAC)
SBA Communications (NASDAQ:SBAC) traded down 0.12% on Tuesday, hitting $110.16. 276,938 shares of the company’s stock traded hands. SBA Communications has a one year low of $74.52 and a one year high of $111.73. The stock’s 50-day moving average is $107.0 and its 200-day moving average is $98.79. The company’s market cap is $14.211 billion.
SBA Communications (NASDAQ:SBAC) last announced its earnings results on Thursday, July 24th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that SBA Communications will post $-0.03 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of SBA Communications in a research note on Tuesday, July 29th. They now have a $120.00 price target on the stock, up previously from $115.00. Separately, 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, July 28th. Finally, analysts at Barclays raised their price target on shares of SBA Communications from $104.00 to $125.00 in a research note on Monday, July 28th. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $115.43.
SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications towers.
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