SBA Communications Corporation (SBAC) Shares are Up 0.57%

SBA Communications Corporation (SBAC) has been under a strong bear grip, hence the stock is down -0.79% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.23% in the past 1 week. The stock has risen by 0.57% in the past week indicating that the buyers are active at lower levels, but the stock is down -1% in the past 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.62% and the fifty day Moving Average is 2.32%. SBA Communications Corp. is up 15.17% in the last three month period. Year-to-Date the stock performance stands at 8.36%.

SBA Communications Corporation (SBAC) : Average target price received by SBA Communications Corporation (SBAC) is $125 with an expected standard deviation of $13.38. The most aggressive target on the stock is $150, whereas the most downbeat target is $102. 10 financial analysts are currently covering the stock.


SBA Communications Corporation (NASDAQ:SBAC): On Fridays trading session , Opening price of the stock was $114.54 with an intraday high of $116.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $113.21. However, the stock managed to close at $113.85, a loss of 0.24% for the day. On the previous day, the stock had closed at $114.12. The total traded volume of the day was 425,868 shares.

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company operated through two segments, namely site leasing and site development. The Companys primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5,000 actual or potential towers. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Companys principal operations are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America, and South America.

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