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RBC Capital Reaffirms Their Buy Rating on SBA Communications (SBAC)

Tipranks - Tipranks - Tue Jan 13, 8:00PM CST

RBC Capital analyst Jonathan Atkin maintained a Buy rating on SBA Communications on January 9 and set a price target of $215.00.

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Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and Equinix. According to TipRanks, Atkin has an average return of 10.0% and a 63.86% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SBA Communications with a $227.27 average price target.

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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

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