SBA Communications (SBAC) Given Daily News Sentiment Rating of 0.12
News stories about SBA Communications (NASDAQ:SBAC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.2736643260751 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of SBA Communications (NASDAQ SBAC) opened at $166.51 on Thursday. The firm has a market cap of $19,778.79, a PE ratio of 198.23 and a beta of 0.85. SBA Communications has a 52 week low of $103.51 and a 52 week high of $177.67. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32.
Several research firms have recently issued reports on SBAC. Cowen restated a “buy” rating and set a $170.00 price objective (up previously from $155.00) on shares of SBA Communications in a report on Tuesday, December 5th. Zacks Investment Research cut shares of SBA Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Morgan Stanley upped their target price on shares of SBA Communications from $169.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. BidaskClub raised shares of SBA Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 25th. Finally, KeyCorp reissued an “overweight” rating and issued a $192.00 target price (up previously from $179.00) on shares of SBA Communications in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. SBA Communications currently has a consensus rating of “Buy” and an average price target of $165.07.
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’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.
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