Canaccord Genuity Maintains a 'Buy' on SBA Communications (SBAC); Solid Quarter, Guidance Raised
Get Alerts SBAC Hot Sheet
Price: $197.93 -0.54%
Rating Summary:
23 Buy, 7 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
23 Buy, 7 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on SBA Communications (NASDAQ: SBAC) price target of $56.00.
Analyst, Greg Miller, said, "We find the Q1/12 results of SBA Communications to be generally in line with our expectations with revised guidance that reflects the effect of the Mobilitie acquisition. Despite the added complexity associated with the revenue split model, we continue to believe that Mobilitie tower assets offer an attractive opportunity to SBAC shareholders over time."
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 $53.79 yesterday.
Analyst, Greg Miller, said, "We find the Q1/12 results of SBA Communications to be generally in line with our expectations with revised guidance that reflects the effect of the Mobilitie acquisition. Despite the added complexity associated with the revenue split model, we continue to believe that Mobilitie tower assets offer an attractive opportunity to SBAC shareholders over time."
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 $53.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Mizuho on Intel (INTC): "Just when you thought it could not get any worse..."
- Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!