JPMorgan upgraded SBA Comm (NASDAQ:SBAC) from Neutral to Overweight in a report released today.
- Updated: November 30, 2016
Yesterday SBA Comm (NASDAQ:SBAC) traded 1.03% higher at $99.81. The company’s 50-day moving average is $107.12 and its 200-day moving average is $108.54. The last stock close 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 SBAC traded hands, down from an average trading volume of 1,033,520
JPMorgan has upgraded SBA Comm (NASDAQ:SBAC) from Neutral to Overweight in a report released on 11/30/2016.
Recent Performance Chart
SBA Comm has 52 week low of $82.80 and a 52 week high of $118.57 with a PE ratio of 124.96 and has a market capitalization of $0.
Also covering SBA Comm's price target, a total of 15 equity analysts have released a ratings update on SBAC. The one year target is $119.53 with six analysts rating the company a strong buy, six firms rating the stock a buy, 5 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
General Information About SBA Comm (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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