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SBA Communications Corporation (NASDAQ:SBAC) target upped to $127.00, issued a report today by Zacks Investment Research

In a report issued 9/29/2016 Zacks Investment Research upped the price target of SBA Communications Corporation (NASDAQ:SBAC) to $127.00 reporting a potential upside of 0.12%.

Having a price of $113.14, SBA Communications Corporation (NASDAQ:SBAC) traded 1.12% higher on the day. With the last close up 6.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. SBAC has recorded a 50-day moving average of $113.22 and a 200-day moving average of $106.31. 511,092 shares of SBAC traded hands, down from an average trading volume of 812,823

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SBA Communications Corporation (NASDAQ:SBAC)

SBA Communications Corporation has 52 week low of $82.80 and a 52 week high of $121.45 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $119.53 with 6 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On SBA Communications Corporation (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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