Canaccord Genuity Reiterates a 'Buy' on SBA Communications (SBAC); Q1 Preview: Expecting Solid Results
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Price: $182.83 +1.27%
Rating Summary:
20 Buy, 14 Hold, 0 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on SBA Communications (NASDAQ: SBAC) price target of $56.00.
Analyst, Greg Miller, said, "We reiterate our rating and PT ahead of SBAC’s Q1/12 report and believe the company will likely deliver quarterly results at the high
end of its guidance as leasing activities remain robust at all four of the national wireless carriers. In our view, the recently closed Mobilitie acquisition not only materially increases SBAC’s scale, but also provides an accretive growth opportunity over time at a reasonable valuation."
"With AT&T(NYSE: T) / Verizon (NYSE: VZ) LTE rollout at full speed, rapid ramp-up from Sprint’s Network Vision and resumption of network upgrades at T-Mobile USA, we believe first quarter results at SBAC will likely be solid. We expect its Q1/12 results at the high end of its previously issued guidance."
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 $53.62 yesterday.
Analyst, Greg Miller, said, "We reiterate our rating and PT ahead of SBAC’s Q1/12 report and believe the company will likely deliver quarterly results at the high
end of its guidance as leasing activities remain robust at all four of the national wireless carriers. In our view, the recently closed Mobilitie acquisition not only materially increases SBAC’s scale, but also provides an accretive growth opportunity over time at a reasonable valuation."
"With AT&T(NYSE: T) / Verizon (NYSE: VZ) LTE rollout at full speed, rapid ramp-up from Sprint’s Network Vision and resumption of network upgrades at T-Mobile USA, we believe first quarter results at SBAC will likely be solid. We expect its Q1/12 results at the high end of its previously issued guidance."
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 $53.62 yesterday.
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