Barclays Keeps Their Buy Rating on SBA Communications (SBAC)
In a report released today, Brendan Lynch from Barclays maintained a Buy rating on SBA Communications, with a price target of $219.00.
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Lynch covers the Real Estate sector, focusing on stocks such as Kilroy Realty, American Tower, and BXP. According to TipRanks, Lynch has an average return of -4.1% and a 39.02% success rate on recommended stocks.
In addition to Barclays, SBA Communications also received a Buy from RBC Capital’s Jonathan Atkin in a report issued on November 10. However, on November 4, BMO Capital maintained a Hold rating on SBA Communications (NASDAQ: SBAC).
Based on SBA Communications’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $732.33 million and a net profit of $236.82 million. In comparison, last year the company earned a revenue of $667.6 million and had a net profit of $258.53 million
Read More on SBAC:
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- SBA Communications price target lowered to $232 from $235 at RBC Capital
- SBA Communications’ Earnings Call Highlights Growth and Optimism
- SBA Communications price target lowered to $237 from $249 at TD Cowen
- Neutral Rating on SBA Communications Amid Millicom Acquisition Delays and Leverage Adjustments
- SBA Communications price target lowered to $210 from $215 at BMO Capital
