SBA Communications (SBAC) – Research Analysts’ Weekly Ratings Changes

SBA Communications (NASDAQ: SBAC) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – SBA Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SBA Communications continues to face headwinds like high customer concentration and consolidation in the wireless industry, which is likely to affect the company's top line. Evolution of new technologies may reduce demand for site leases and increase costs. On the flip side, the company is poised to gain from rapid technological improvement in the telecommunication industry. Based on its tower operations, the company is optimistic about the global growth of wireless and thus anticipates international expansion. The company’s tower buyouts in emerging markets and long-term tower leases with major wireless carriers have driven its top line and lend it a competitive edge. Over the past six months, the stock rallied 19.7% as against the industry's growth of 10.7%. “
  • 2/2/2018 – SBA Communications was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/30/2018 – SBA Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SBA Communications continues to face headwinds like high customer concentration and consolidation in the wireless industry, which is likely to affect the company's top line. Evolution of new technologies may reduce demand for site leases and increase costs. On the flip side, the company is poised to gain from rapid technological improvement in the telecommunication industry. Based on its tower operations, the company is optimistic about the global growth of wireless and thus anticipates international expansion. The company’s tower buyouts in emerging markets and long-term tower leases with major wireless carriers have driven its top line and lend it a competitive edge. Over the past three months, the stock rallied 7.9% as against the industry's growth of 6.8%.”
  • 1/25/2018 – SBA Communications was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/24/2018 – SBA Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SBA Communications continues to face headwinds like high customer concentration and consolidation in the wireless industry, which is likely to affect the company's top line. Evolution of new technologies may reduce demand for site leases and increase costs. On the flip side, the company is poised to gain from rapid technological improvement in the telecommunication industry. Based on its tower operations, the company is optimistic about the global growth of wireless and thus anticipates international expansion. The company’s tower buyouts in emerging markets and long-term tower leases with major wireless carriers have driven its top line and lend it a competitive edge. Over the past three months, the stock rallied 14.9% as against the industry's growth of 9.0%.”
  • 1/19/2018 – SBA Communications had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $178.00 price target on the stock.
  • 1/17/2018 – SBA Communications was given a new $172.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.
  • 1/16/2018 – SBA Communications was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/15/2017 – SBA Communications was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

SBA Communications Co. (NASDAQ:SBAC) traded down $0.12 during trading on Monday, hitting $159.73. The stock had a trading volume of 1,305,700 shares, compared to its average volume of 1,051,829. The firm has a market cap of $18,774.98, a price-to-earnings ratio of 190.15 and a beta of 0.85. SBA Communications Co. has a 52 week low of $105.74 and a 52 week high of $177.67. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32.

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

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