Will SBA Communications Corporation (SBAC) Run Out of Steam Soon?

Investors sentiment decreased to 0 in 2019 Q1. Its down Infinity, from Infinity in 2018Q4. It dived, as 2 investors sold SBA Communications Corporation shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 2.48 million shares or 50.03% less from 4.96 million shares in 2018Q4 were reported.
Akre Capital Management Limited Liability Company holds 2.47M shares. Cibc World Corporation stated it has 0.02% in SBA Communications Corporation (NASDAQ:SBAC).

The stock of SBA Communications Corporation (NASDAQ:SBAC) reached all time high today, Aug, 15 and still has $280.64 target or 8.00 % above today’s $259.85 share price. This indicates more upside for the $29.39 billion company. This technical setup was reported by Barchart.com. If the $280.64 PT is reached, the company will be worth $2.35 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.00% or $5.1 during the last trading session, reaching $259.85. About 453,183 shares traded. SBA Communications Corporation (NASDAQ:SBAC) has risen 55.12% since August 15, 2018 and is uptrending. It has outperformed by 55.12% the S&P500.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Coverage

Among 6 analysts covering SBA Communications (NASDAQ:SBAC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SBA Communications has $27000 highest and $204 lowest target. $237.50’s average target is -8.60% below currents $259.85 stock price. SBA Communications had 19 analyst reports since February 21, 2019 according to SRatingsIntel. KeyBanc Capital Markets maintained SBA Communications Corporation (NASDAQ:SBAC) on Monday, July 15 with “Overweight” rating. Morgan Stanley maintained SBA Communications Corporation (NASDAQ:SBAC) rating on Monday, March 11. Morgan Stanley has “Overweight” rating and $204 target. KeyBanc Capital Markets maintained the shares of SBAC in report on Tuesday, July 30 with “Overweight” rating. Morgan Stanley maintained the stock with “Overweight” rating in Monday, May 20 report. As per Monday, March 4, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, August 1 by JP Morgan. The firm has “Buy” rating given on Friday, March 22 by Citigroup. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 30. As per Friday, June 7, the company rating was downgraded by UBS.

More notable recent SBA Communications Corporation (NASDAQ:SBAC) news were published by: Nasdaq.com which released: “PriceSmart (PSMT) Q2 Earnings Surpass Estimates, Stock Down – Nasdaq” on April 10, 2019, also Nasdaq.com with their article: “SBAC Crosses Above Average Analyst Target – Nasdaq” published on March 12, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On SBA Communications Corporation (SBAC) ? – Yahoo Finance” on June 10, 2019. More interesting news about SBA Communications Corporation (NASDAQ:SBAC) were released by: Finance.Yahoo.com and their article: “SBA Communications Corp (SBAC) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on July 29, 2019 as well as Seekingalpha.com‘s news article titled: “Citi upgrades SBAC, downgrades AMT in tower update – Seeking Alpha” with publication date: October 31, 2018.

SBA Communications Corporation operates as a real estate investment trust. The company has market cap of $29.39 billion. The firm operates through two divisions, Site Leasing and Site Development. It has a 228.74 P/E ratio. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.