SBA Communications Corp (SBAC) has had a turbulent ride in the market recently. The infrastructure company, known for owning and managing towers for
communication services, was a clear standout amongst its competitors on a number of trading days. However, they were not immune to the prevailing
market volatility, suffering drops in spite of this.
Q3 2024 earnings are on the horizon. Some divestments were observed with
Mount Yale Investment Advisors and
Commerzbank Aktiengesellschaft reducing their holdings. The global
5G rollout should be beneficial to tower operators, including SBA Communications.
Price targets for the company have been raised by
KeyBanc and
JPMorgan, following the FCC’s EchoStar 5G Expansion. SBA also plans to issue
$2.07 billion in secured tower securities. Interestingly,
Goldman Sachs has depicted the company as a 'must-consider' for infrastructure investors. Despite some downward revisions of revenue forecasts amidst economic challenges, the stock has managed to surge on several occasions.
Sba Communications Corp SBAC News Analytics from Mon, 30 Aug 2021 07:00:00 GMT to Sat, 26 Oct 2024 06:43:12 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor 5
