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

  • 8/8/2017 – SBA Communications Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/4/2017 – SBA Communications Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE) “
  • 8/2/2017 – SBA Communications Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/1/2017 – SBA Communications Corporation had its price target raised by analysts at Jefferies Group LLC from $150.00 to $159.00. They now have a “buy” rating on the stock.
  • 8/1/2017 – SBA Communications Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $160.00 price target on the stock, up previously from $148.00.
  • 8/1/2017 – SBA Communications Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $148.00 price target on the stock.
  • 7/20/2017 – SBA Communications Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $158.00 price target on the stock. According to Zacks, “SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE) “
  • 7/19/2017 – SBA Communications Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE) “
  • 7/14/2017 – SBA Communications Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $150.00 price target on the stock, up previously from $133.00.
  • 7/5/2017 – SBA Communications Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $155.00 price target on the stock. According to Zacks, “SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE) “
  • 6/12/2017 – SBA Communications Corporation had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 6/12/2017 – SBA Communications Corporation was downgraded by analysts at Citigroup Inc. to an “outperform” rating. They now have a $153.00 price target on the stock.

SBA Communications Corporation (NASDAQ:SBAC) opened at 139.02 on Friday. The firm has a market cap of $16.73 billion, a PE ratio of 477.73 and a beta of 0.73. The firm’s 50-day moving average price is $136.12 and its 200 day moving average price is $124.99. SBA Communications Corporation has a 52-week low of $95.66 and a 52-week high of $141.59.

SBA Communications Corporation (NASDAQ:SBAC) last released its quarterly earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $427.30 million for the quarter, compared to the consensus estimate of $426.10 million. SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. On average, equities analysts anticipate that SBA Communications Corporation will post $0.97 earnings per share for the current year.

In other news, CEO Jeffrey Stoops sold 94,289 shares of SBA Communications Corporation stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $133.76, for a total transaction of $12,612,096.64. Following the sale, the chief executive officer now owns 329,124 shares of the company’s stock, valued at $44,023,626.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark R. Ciarfella sold 9,655 shares of SBA Communications Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $140.74, for a total value of $1,358,844.70. Following the sale, the executive vice president now directly owns 21,403 shares in the company, valued at approximately $3,012,258.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,179 shares of company stock worth $22,588,671. Corporate insiders own 2.10% of the company’s stock.

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.

Receive News & Ratings for SBA Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.