Canaccord Genuity Maintains a 'Buy' on SBA Communications (SBAC); Solid Quarter, Guidance Raised

May 1, 2012 9:05 AM EDT
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Price: $105.57 --0%

Rating Summary:
    17 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

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    Up: 6 | Down: 3 | New: 2
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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.

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