SBA Communications Co. (SBAC) Given Average Recommendation of “Buy” by Analysts

SBA Communications Co. (NASDAQ:SBAC) has received an average rating of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $165.62.

Several research analysts recently commented on SBAC shares. Zacks Investment Research upgraded SBA Communications from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Cowen reiterated a “buy” rating and issued a $147.00 price target on shares of SBA Communications in a research report on Tuesday, October 17th. UBS Group started coverage on SBA Communications in a research report on Wednesday, October 18th. They issued a “buy” rating and a $176.00 price target for the company. KeyCorp reiterated a “buy” rating and issued a $179.00 price target (up previously from $170.00) on shares of SBA Communications in a research report on Wednesday, November 1st. Finally, Morgan Stanley lifted their price target on SBA Communications from $169.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th.

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of SBA Communications during the fourth quarter valued at approximately $108,000. Sun Life Financial INC purchased a new position in shares of SBA Communications during the third quarter valued at approximately $127,000. Tower Research Capital LLC TRC boosted its position in shares of SBA Communications by 168.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 809 shares of the technology company’s stock valued at $132,000 after buying an additional 508 shares during the period. Advisor Group Inc. boosted its position in shares of SBA Communications by 9.7% during the second quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock valued at $172,000 after buying an additional 114 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of SBA Communications by 9.5% during the second quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Shares of SBA Communications (NASDAQ SBAC) traded down $0.10 during trading on Tuesday, hitting $159.63. The stock had a trading volume of 1,271,700 shares, compared to its average volume of 1,060,998. The stock has a market capitalization of $18,774.98, a price-to-earnings ratio of 190.04 and a beta of 0.85. SBA Communications has a 52-week low of $107.30 and a 52-week high of $177.67. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of -3.63.

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SBA Communications Company Profile

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.

Analyst Recommendations for SBA Communications (NASDAQ:SBAC)

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