SBA Communications Corporation (SBAC) has seen significant fluctuation in recent times. Investment entities like Legacy Trust, Fifth Third Bancrop, Mount Yale Investment Advisors, and Gateway Investment Advisors have trimmed their stakes in SBAC. However, others such as Robeco Institutional Asset Management, KBC Group, Hantz Financial Services, Park Place Capital Corp, and Nordea Investment Management have boosted their holdings substantially. JMP Securities initiated coverage with a
Market Outperform Recommendation, indicating strong performance. SBAC experienced a
4.87% surge in shares on
27th January and set a $0.98 quarterly dividend for 2024. The stock was also upgraded by Citizens Jmp and StockNews.com. Wells Fargo & Company cuts SBAC's price target from $210.00, which could adversely influence stock performance. Despite mixed quarterly results, SBAC remains appealing. Q3 Earnings call highlighted strong domestic growth. The corporation is also reported to experience large growth in short interest, and the company's acquisition of Millicom site expanded Central American presence. However, Q3 AFFO met estimates while revenues fell Year/Year. Notwithstanding, FCC’s EchoStar 5G Expansion gave SBAC renewed momentum. Senior leadership transition and increased forecast with Central America expansion indicates dynamic strategic developments within SBAC.
Sba Communications Corp SBAC News Analytics from Fri, 05 Jun 2015 03:57:23 GMT to Sat, 01 Feb 2025 14:11:07 GMT -
Rating 4
- Innovation 5
- Information 8
- Rumor -3
