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SBA Communications (SBAC) Gets a Hold from Bernstein
Bernstein analyst initiated coverage with a Hold rating on SBA Communications today and set a price target of $218.00.
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In addition to Bernstein, SBA Communications also received a Hold from BMO Capital’s Ari Klein in a report issued on April 17. However, on April 15, Barclays assigned a Buy rating to SBA Communications (NASDAQ: SBAC).
Based on SBA Communications’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $719.58 million and a net profit of $370.29 million. In comparison, last year the company earned a revenue of $693.7 million and had a net profit of $173.63 million
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- SBA Communications price target raised to $244 from $212 at Barclays
- SBA Communications price target raised to $225 from $215 at Morgan Stanley
- SBA Communications price target raised to $220 from $195 at Wells Fargo
- ‘Reasonable’ take-out value implies 15%-30% upside for SBA, says Jefferies
- SBA Communications price target raised to $220 from $210 at BMO Capital
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