SBA Communications (SBAC) Given Daily News Impact Rating of 0.14

Media coverage about SBA Communications (NASDAQ:SBAC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.1330067114367 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern’s scoring:

Several research firms have recently commented on SBAC. BidaskClub cut shares of SBA Communications from a “hold” rating to a “sell” rating in a research note on Friday. Cowen reiterated a “buy” rating and issued a $170.00 price target (up previously from $155.00) on shares of SBA Communications in a report on Tuesday, December 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $200.00 price target on shares of SBA Communications in a report on Thursday, November 30th. KeyCorp reiterated an “overweight” rating and issued a $192.00 price target (up previously from $179.00) on shares of SBA Communications in a report on Monday, November 27th. Finally, Morgan Stanley increased their price target on shares of SBA Communications from $169.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. SBA Communications has a consensus rating of “Buy” and a consensus target price of $159.40.

SBA Communications (SBAC) traded down $2.12 during trading on Friday, hitting $163.68. 2,000,000 shares of the company’s stock traded hands, compared to its average volume of 1,090,000. SBA Communications has a one year low of $100.67 and a one year high of $173.97. The firm has a market cap of $19,240.00, a PE ratio of 204.60 and a beta of 0.77. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $1.50. SBA Communications had a net margin of 5.95% and a negative return on equity of 4.71%. The company had revenue of $433.90 million for the quarter, compared to analysts’ expectations of $431.42 million. During the same period last year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts predict that SBA Communications will post 0.97 earnings per share for the current fiscal year.

In related news, Director George R. Krouse, Jr. sold 1,999 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $169.51, for a total value of $338,850.49. Following the sale, the director now directly owns 11,999 shares of the company’s stock, valued at $2,033,950.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

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About SBA Communications

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.

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