JP Morgan upgraded SBA Communications (NASDAQ:SBAC) from Neutral to Overweight in a report released today.
- Updated: November 30, 2016
Yesterday SBA Communications (NASDAQ:SBAC) traded 1.03% higher at $100.14. The company’s 50-day moving average is $107.12 and its 200-day moving average is $108.54. The last closing price is down -7.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 56,014 shares of the stock traded hands, down from an average trading volume of 1,033,520
JP Morgan has upgraded SBA Communications (NASDAQ:SBAC) from Neutral to Overweight in a report released on 11/30/2016.
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SBA Communications has a one year low of $82.80 and a one year high of $118.57 with a PE ratio of 124.96 SBA Communications’s market capitalization is presently $0.
A total of 15 analysts have released a report on SBA Communications. Six analysts rating the company a strong buy, six analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $119.53.
General Company Details For SBA Communications (NASDAQ:SBAC)
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. The Company's primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Company owns approximately 25,460 towers. It also manages or leases approximately 5,500 actual or potential towers. The Company's other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks.
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