Canaccord Genuity Maintains a 'Buy' on SBA Communications (SBAC); Q1 Review: Yet Another Solid Qtr

August 3, 2012 10:01 AM EDT
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Price: $104.84 --0%

Rating Summary:
    17 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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Canaccord Genuity maintains a 'Buy' on SBA Communications (NASDAQ: SBAC) price target of $67.00.

Analyst, Greg Miller, said, "SBA Communications delivered yet another very solid quarterly report after the close with results that exceeded expectations in nearly every single category we forecast. Results also exceeded company guidance in every category... Towers to remain in spotlight – With yet another very strong tower company report, we believe it remains very clear that for investors who seek some level of growth with the safety of a stable underlying business model, the three tower stocks remain excellent investments."

For an analyst ratings summary and ratings history on SBA Communications click here. For more ratings news on SBA Communications click here.

Shares of SBA Communications closed at $58.46 yesterday.

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